Delhivery Limited is coming out with an IPO from 1 May to 13 May 2022 with a price band of Rs. 462 to Rs. 487 per equity share with a lot size of 30 shares. The size of Delhivery IPO is Rs. 5,235 Crore. Employees of Delhivery will get a discount of Rs 25 per share.
In this article, we have covered the detailed analysis of Delhivery IPO including subscription data, GMP data, etc. You can get all delhivery ipo news only on TheViralByte.
About Delhivery IPO
Delhivery offers a comprehensive range of Logistics services, including express parcel and heavy cargo delivery, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. In addition, the company provides value-added services such as e-commerce return services, payment collecting and processing, installation and assembly, and fraud detection. As of FY21, Delhivery was the largest and fastest-growing fully integrated logistics services company in India.
The company has allocated shares worth Rs 20 crore to eligible employees, who will get a discount of Rs 25 per equity share during the bidding process. Upon successful listing on BSE, NSE, Delhivery will join the peers like Blue Dart Express, TCI Express, and Mahindra Logistics.
As of December 31, 2021, the company served 23,113 clients spanning e-commerce marketplaces, direct-to-consumer e-tailers, and companies and SMEs in industries such as FMCG, consumer durables, and consumer electronics, lifestyle, retail, automotive, and manufacturing.
China Momentum Fund, a subsidiary of the Fosun Group, will sell up to Rs 200 crore through its affiliate Deli CMF Pte Ltd. CA Swift Investments will contribute up to Rs 454 crore, SVF Doorbell Ltd up to Rs 365 crore, and Times Internet up to Rs 165 crore to the OFS.
The OFS will also include Delhivery co-founders. Kapil Bharati will sell Rs 5 crore in shares, Mohit Tandon will sell Rs 40 crore in shares, and Suraj Saharan will sell up to Rs 6 crore in shares.
Delhivery IPO Details
| IPO Start Date | May 11, 2022 |
| Delhivery IPO End Date | May 13, 2022 |
| Face Value | ₹1 per share |
| Delhivery IPO Price | ₹462 to ₹487 per share |
| IPO Lot Size | 30 Shares |
| Issue Size | [.] shares of ₹1 (aggregating up to ₹5,235.00 Cr) |
| Fresh Issue | [.] shares of ₹1 (aggregating up to ₹4,000.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹1,235.00 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
| DRHP Link | Click Here |
Key Positive Factors For Delhivery Limited IPO
- Rapid Growth, Extensive Scale, And Improvement In-Unit Economics
- Delhivery is one of the largest integrated and fastest growing fully integrated logistics services players in India
- A vast technology-supported scalable platform to handle a large customer base
- Asset-light business model enabling rapid scale-up
- Delhivery Limited is the largest and fastest-growing fully integrated logistics services player in India by revenue
- Strategic partnership with many growing D2C brands for logistics operation.
- Direct Warehousing Facilities With growing D2C brands.
Key Risk Factors For Delhivery IPO
- Any event like Covid-19 can disrupt the logistics industry which can impact their revenue.
- Although the logistics business has some initial entry barriers, still new players like Amazon transportation Service, Ekart, etc are offering competitive pricing to many retail users.
- Dependency on network partners and third parties for certain aspects of business can attract additional risk.
Delhivery IPO Valuation
The price range for Delhivery’s Rs 5,235-crore initial public offering is Rs 462-487 per share. The subscription period for the initial public offering (IPO) will begin on May 11 and end on May 13. The new issuance of shares worth Rs 4,000 crore is part of the public offering. From Rs 2,460 crore to Rs 1,235 crore, the offer for sale (OFS) portion has been reduced.
As Per The Price band set at Rs 462-487 a share; the Delhivery company is valued at Rs 35,283 crore. The firm has cut its total issue size to Rs 5,235 crore from Rs 7,460 crore planned earlier.
| PARTICULARS | VALUE |
|---|---|
| Upper Price Band | Rs 487 |
| Existing Shares (Qty) | 64.2 Cr |
| Fresh Issue (Amount) | 4000 Cr |
| Market Cap | 35265 Cr |
| EPS | Rs -8.05 |
| Industry PE | 112.21x |
The net proceeds from the IPO will be used for the below purposes;
- Funding organic growth.
- General corporate purposes.
- Funding inorganic growth through acquisition and strategic initiatives.
Delhivery Limited IPO Date & Timetable :
| IPO Event | Date |
|---|---|
| Delhivery IPO Opening Date | May 11, 2022 |
| Delhivery IPO Closing Date | May 13, 2022 |
| Basis of Allotment | May 19, 2022 |
| Initiation of Refunds | May 20, 2022 |
| Credit of Shares to Demat | May 23, 2022 |
| Delhivery IPO Listing Date | May 24, 2022 |
| Mandate end date | May 29, 2022 |
| Anchor Investors Lock-In End Date | Jun 12, 2022 |
Delhivery IPO bidding will open on May 11, 2022, and will end on May 13, 2022. The Delhivery Shares Allotment date is May 19, 2022. Shares will be credited to the DEMAT account on May 23, 2022, and the listing of Delhivery Limited IPO will be done on May 24, 2022. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day
Delhivery IPO Lot Size:
Delhivery IPO Lot size is 30 shares per lot. Retail-individual investorcan apply for a minimum of 1 lot 930 shares) and a maximum of 3 lots (390 shares). At the upper cap of the price band, Delhivery will issue 82135530 fresh equity shares and 25359330 shares by the offer for sale.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 30 | ₹14,610 |
| Maximum | 13 | 390 | ₹189,930 |
Summary of financial Information For Delhivery IPO
| Financial Year Ended | Revenue (₹ Crores) | Loss for the period (₹ Crores) | EPS (₹) |
| March 2019 | 1,694.87 | -1,783.30 | -47.22 |
| March 2020 | 2,988.63 | -268.93 | -5.22 |
| March 2021 | 3,838.29 | -415.74 | -8.05 |
| Period ended December 31, 2020 | 2,806.53 | -297.49 | -5.77 |
| Period ended December 31, 2021 | 4,911.41 | -891.14 | -15.36 |
Summary of financial Information
| Particulars | For the year/period ended (₹ in million) | ||||
| 31-Dec-21 | 31-Dec-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 84,294.83 | 47,847.56 | 45,977.98 | 43,573.08 | 40,625.45 |
| Total Revenue | 49,114.06 | 28,065.29 | 38,382.91 | 29,886.29 | 16,948.74 |
| Profit After Tax | -8,911.39 | -2,974.92 | -4,157.43 | -2,689.26 | -17,833.04 |
The company has reported a loss of Rs.4,157.43 crore in the year 2021. It has a negative EPS (diluted) of 8.05. The revenues as per the books for the year ending March 2021 were Rs.3838 crores.
Cash Flows Of Delhivery IPO (All Figures are in Crores.)
| MAR 2017 | MAR 2018 | MAR 2019 | MAR 2020 | MAR 2021 | |
| Profit from operations | -630.78 | -684.48 | -1,781.04 | -284.13 | -356.31 |
| Adjustment | 452.21 | 504.3 | 1,638.02 | 228.13 | 464.9 |
| Changes in Assets & Liabilities | -235.98 | -31.78 | -171.19 | -542.08 | -77.84 |
| Tax Paid | -15.1 | -6.35 | -22.86 | -45.11 | -17.3 |
| Operating Cash Flow | -429.66 | -218.31 | -337.07 | -643.19 | 13.45 |
| Investing Cash Flow | -100.63 | -139.09 | -934.95 | -934.23 | 285.54 |
| Financing Cash Flow | 684.26 | 206.43 | 2,927.19 | -16.68 | -111.71 |
| Net Cash Flow | 153.97 | -150.97 | 1,655.17 | -1,594.10 | 187.28 |
here is the Delhivery IPO GMP table. The current GMP of Delhivery IPO is Rs 25.
| Date | GMP (TENTATIVE) |
|---|---|
| 3 May 2022 | Rs 30 |
| 4 May 2022 | Rs 35 |
| 5 May 2022 | Rs 25 |
| 6 May 2022 | Rs 25 |
How To Apply For Delhivery IPO:
You Can Apply For the IPO Of Delhivery through
- Your Stock Brokers Such as Zerodha, UpStox, 5Paisa, Groww, etc
- Through 3rd Party IPO Applications such as SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank, IndusInd Bank, etc.
Delhivery IPO Allotment Status
Allotment status for Delhivery IPO is not available yet. The allotment will happen on May 19, 2022. Users can check the status of allotment by following the below process.
Method 1:
- Go to the Linkintime Registrar website
- Select the company as Delhivery Limited
- Next you can either enter your PAN Number / IPO Application No. / DP/Client ID / Account No / IFSC
- Click on submit, You will get the information about your allotment
Method 2:
- Click Here to go to the BSE website
- Select equity as an option
- The next step is to select the Issue Name as Delhivery Limited
- The next step is to either enter your IPO application number or your PAN number.
- Complete the captcha and click on submit
The below table has the consolidated data for Delhivery GMP per day basis. The grey market premium, or GMP, is data calculated based on the demand for a company that is planning an initial public offering. After the IPO date and price band announcements, the grey market begins unofficially in the unregulated market.
Delhivery Limited Company Promoters
The founders of the Gurugram-based company, Delhivery are Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.
Company Contact Information & Registrar
Delhivery Limited Company Contact Information
Delhivery Limited
N24-N34, S24-S34, Air Cargo Logistics Centre-II,
Indira Gandhi International Airport,
New Delhi 110037 Delhi, India
Phone: +91 124 6225602
Email: [email protected]
Website: https://www.delhivery.com/
Delhivery Limited Registrar Information
Link Intime India Private Limited
Address – C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance E-mail: [email protected]
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Lead Managers For Delhivery IPO
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Pvt Ltd
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
Frequently Asked Questions On Delhivery IPO
What is the issue size of Delhivery IPO?
The issue size of Delhivery IPO is 5,235.00 Cr.
What is Delhivery IPO Price Band?
The Price Band Of Delhivery IPO is 462 to ₹487 per equity share.
What is the Delhivery IPO Allotment Date?
Delhivery IPO Allotment Date May 19, 2022. The unallocated application will be refunded by May 20, 2022.
What is the Delhivery IPO Listing Date?
Delhivery IPO Listing Date is May 24, 2022. It will be listed on both NSE & BSE.
What is the Valuation Of Delhivery IPO?
As Per The Price band set at Rs 462-487 a share; the Delhivery company is valued at Rs 35,283 crore
What is the lot size of Delhivery IPO?
The lot size of Delhivery IPO is 30 shares per lot. A retail-individual investor can apply for a maximum of up to 13 lots (390 shares or ₹189,930).
Who is the Promoter of Delhivery IPO?
It is a professionally managed company with no identifiable promoters.
What is the discount for Delhivery Employe?
Delhivery Employe will get a discount of Rs 25 per share.
What is the GMP of Delhivery IPO?
The Current GMP of Delhivery IPO is Rs. 25.
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