All that you should know about the Company before applying for the IPO.
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.
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.
The company is a professionally managed and does not have any identifiable promoter
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:
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 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)|
₹ 3,911.25 Crore
(75% of Net Issue Size)
₹ 782.25 Crore
(15% of Net Issue Size)
₹ 521.50 Crore
(10% of Net Issue Size)
|Employee Reservation Portion||
₹ 20 Crore
|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|
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