• Sensex    
  • Nifty    
Wealthstreet Blog

Keep up with personal finance and investing trends. Stock Market, Mutual Funds, Insurance, and lot more.

Alternate Text
Yeh IPO kya kahta hai? DELHIVERY LIMITED

All that you should know about the Company before applying for the IPO.

May 10, 2022     

The public issue of equity shares of Delhivery Limited will open for subscription on May 11, 2022 and closes on May 13, 2022. It is expected to list on the stock exchanges on May 24, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.

Company Profile

Established in 2011, the Company is the largest and fastest growing fully integrated logistics services player in India by revenue as of Fiscal 2021. It provides a full range of logistics services, including express parcel delivery, heavy goods delivery, PTL freight, TL freight, warehousing, supply chain solutions, cross-border express and freight services and supply chain software, along with value added services such as ecommerce return services, payment collection and processing, installation and assembly services and fraud detection. The Company also provides cross-border services which are powered by its global shipping service, “Starfleet”.

The Company has over 80 applications through which it provides various services, which connect all of its operators, infrastructure, partners and network assets, orchestrated through its logistics platform. The Company had E-commerce parcel market share of 22% and over 11,000 network partners, as of Fiscal 2021.

It operates 21 fully and semi-automated sortation centres and 82 gateways across India. The Company provides supply chain solutions to a diverse base of 23,113 Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing.

Who are the Promoters of the Company?

The company is a professionally managed and does not have any identifiable promoter

Positives about the Company

  • Rapid growth and extensive scale
  • Proprietary logistics operating system
  • Vast data intelligence capabilities
  • Network design and engineering
  • Integrated portfolio of logistics services
  • Strong relationships with a diverse customer base
  • Extensive ecosystem of partners, enabling an asset-light business model and extended reach
  • Highly qualified professional team

Who are its key competitors?

  • Blue Dart Express Ltd.
  • Mahindra Logistics Ltd.
  • TCI Express Ltd.

Why is the Company going public?

Given below are the objectives of the Company –

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Funding organic growth initiatives
  • Funding inorganic growth through acquisitions and other strategic initiatives
  • General corporate purposes

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.

IPO Details

IPO Size ₹ 5,235 Crore
Offer Mix Fresh issue ₹ 4,000 Crore + Offer For Sale ₹ 1,235 Crore
Price Band ₹ 462 - ₹ 487
Lot Size 30 Shares (& in multiples thereof)
Face Value ₹ 1
Application Amount Min. ₹ 14,610 (1 lot) | Max. ₹ 1,89,930 (13 lots) [at upper price band]
Listing on NSE & BSE
Registrar Link Intime India Private Limited
Discount ₹ 25 per equity share for Eligible Employees Category only
Cut-off time for UPI Mandate Confirmation 17-May-2022 (up to 12:00 PM)

Category Wise Availability

QIB ₹ 3,911.25 Crore
(75% of Net Issue Size)
NIB ₹ 782.25 Crore
(15% of Net Issue Size)
Retail ₹ 521.50 Crore
(10% of Net Issue Size)
Employee Reservation Portion ₹ 20 Crore

Indicative Issue Timeline

Activity Date
IPO Opens May 11, 2022
IPO Closes May 13, 2022
Finalization of the basis of allotment May 19, 2022
Unblocking of funds / Initiation of refunds May 20, 2022
Credit of equity shares to Demat accounts May 23, 2022
Listing of equity shares May 24, 2022
Source: Company RHP
Wealthstreet Desk now supports UPI ASBA for IPO! Log in now to apply.
Don’t have Wealthstreet account? No worry, just go to our IPO platform, create a guest login and apply for the IPO easily! Click the “Apply Now” button below.

Apply online in just 5 minutes!

Apply Now Investment in securities market is subject to market risks, read all the related documents carefully before investing.

Recent posts

Prevent unauthorized transaction in your account: Update E-mail ID / Mobile number with your stockbroker. Receive alerts on your registered mobile number or email at the end of the day directly from exchange. Link PAN with Aadhaar : As per SEBI directive, link your PAN with Aadhaar before September 30, 2021 to keep using your trading account… – Issued in the Interest of Investors