This article contains various facts and analyses that will offer you a comprehensive insight into Delhivery’s operations, history, goods and services, financial status, and other pertinent information. You’ll also learn about the objectives that the Initial Public Offering will achieve, as well as the expected IPO profitability. The Delhivery IPO Review can also help you decide whether or not it is a good investment.
Delhivery Ltd. (DL) is India’s largest and fastest-growing fully-integrated logistics services provider in terms of revenue, according to the company’s website. This business has experienced substantial growth and development throughout the years.
Human centricity with current technology, infrastructure, and network, development through partnerships for third-party contracts, and efficiency of scale operation with careful cost management are all highlighted in the plan. It had a broad client base of 23113 active consumers as of December 31, 2021, and it is rapidly growing.
IPO in Delhivery
The Delhivery IPO will be launched on the main market next week (Initial Public Offering). The Delhivery Initial Public Offering (IPO) will begin for subscription on May 11, 2022, and will remain open for bidding until May 13, 2022, according to data filed on the BSE website. The logistics services company wants to generate 5,230 million through the public offering, with 4,000 rupees expected to come from a new issue and 1,235 crores expected to come through an offer for sale, at a price range of 462 to 487 rupees per equity share. The company has set a price range of 462 to 487 rupees per equity share, with the public offering expected to raise a total of 5,235 million rupees (OFS).
Delhivery’s initial public offering (IPO) is set to begin trading on May 11, 2022. The company plans to raise 5,235 crores through an initial public offering (IPO), which will include a 4,000 crore new issuance and a 1,235 crore offer for sale from promoters. By the fiscal year 2022, Delhivery Limited will be one of India’s largest and fastest-growing fully integrated logistics service providers.
They offer a nationwide network with locations in every state of the United States, in addition to serving over 17000 pin codes. The company made sales of Rs. 4,598 crores in 2021, up from Rs. 4,357 crores the year before. The first public offering (IPO) pricing range has been set at $462 to $487 per equity share. The Delhivery Initial Public Offering will be listed on the NSE and BSE (IPO).
Today’s IPO GMP in Delhivery
To help fund its funding plans for organic growth (Rs. 2000.00 crores), scaling up existing business lines and new developments (Rs. 160.00 crores), network infrastructure expansion (Rs. 1360.00 crores), upgrading/improving proprietary logistics operating system (Rs. 480.00 crores), and inorganic growth (Rs. 480.00 crores), DL is launching a maiden combo IPO with a new equity issue worth Rs. 4000 crore and an offer for sale worth Rs. 1235 (approx. 107494860 shares).
The company has established a price range of Rs. 462.00 to Rs. 487.00 per share of Re. 1 in the range of Rs. 462.00 to Rs. 487.00 for its combination offer. DL will issue 82135530 new equity shares and 25359330 new equity shares via an offer to sell the company’s stock to meet the upper cap of the price range. The subscription for this issue will begin on May 11, 2022, and will end on May 13, 2022. A minimum of 30 shares must be applied for, with subsequent shares being applied for in multiples of 30 shares. Following the allocation, the shares will be listed on the BSE and NSE. As of the offering date, the issue represented 14.84 percent of the company’s paid-up capital.
It has set aside Rs. 20 crore in equity shares for qualified employees and is offering a discount of Rs. 25 per share in exchange for their loyalty. From the remaining share, 75 percent has been allotted to QIBs, 15 percent to HNIs, and 10 percent to retail investors.
It is managed by Kotak Mahindra Capital Co. Ltd, Morgan Stanley India Co. Pvt. Ltd, BofA Securities India Ltd, and Citigroup Global Markets India Ltd, and underwritten by Morgan Stanley India Co. Pvt. Ltd and Citigroup Global Markets.
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