Delhivery Limited IPO

Delhivery Limited IPO

Company Profile

A full-fledged range of logistics services is well defined by Delhivery Ltd. The company has covered everything from express deliveries to heavy goods, PTL freight to TL freight, Warehousing, supply chain solutions, supply chain software, freight services, and cross-border deliveries. In India, Delhivery Ltd. is recognized as one of the largest and fastest-growing integrated logistics service companies for FY21 based on its revenue.

Apart from the core logistics business, it also deals in e-commerce return services. Collection of payment & processes, fraud detection, and assembly services. For rendering these services, the company holds a tech stack of 80 applications to serve its customers.

Business Information

So far, Delhivery Ltd. has covered 17,045 PIN codes till June 30, 2021, which is 88.3% of the total PIN codes in the country. While describing its chain of business in India, it has 249 service centers, 120 intermediate processing centers, 2,235 direct delivery centers, 35 collection points, 83 fulfillment centers, 20 automated centers, and 124 gateways. The company has an existing customer base of 21,342 customers from different sectors like e-commerce, electronics, FMCG, automotive, etc.

Facts about the Company
  • Delhivery has 86 gateways that close almost 4 million shipments on the daily basis.
  • The company is currently having 20 fully automated centers.
  • The startup has also built a very asset-light operation model as compared to its competitors.
  • It also works on detecting frauds and identifying products for smooth delivery and logistics services to its customers.
Points to note before investing in Delhivery Ltd. IPO
  • Delhivery’s strength lies in having a dynamic employee base which helps the company in quick response to all of its operations.
  • It has a team of 474 engineers, data scientists, and product professionals who help the company in setting day-to-day tasks efficiently and effectively.
  • The data intelligence capabilities are marked phenomenal of the company
  • It also has proprietary logistics technology systems that help in the smooth functioning of the business processes.
  • Its growth, rapid scaling, and synergies are all accessible due to the Asset-light business model.
  • Another important thing to note is its integrated portfolio of logistics and supply chain services.
Objectives of the IPO
  1. To do the funding for organic growth initiatives
  2. To keep some funds aside for strategic and other initiates.
Benefits to the Employees

The employees discount for Delhivery IPO is ₹25 per share where the Qualified Institutional Investors can hold not less than 75% of the net offer, the retail investors would hold up to 10% and the NII (HNI) can hold up to 15% of the net offer.

Opening Date
May 11, 2022
Closing Date
May 13, 2022
Issue Type
Book Built Issue IPO
Face Value
1 Per Equity Share
Issue Price
462-487 Per Equity Share
Lot Size
IPO Price
₹5235 Cr
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
May 19, 2022
Initiation of Refunds
May 20, 2022
Credit of Equity Shares
May 23, 2022
Listing Date
May 24, 2022

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