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Delhivery, an integrated logistics company, plans to raise Rs 5,235 crore through an initial public offering (IPO). The price band for the IPO is fixed at Rs 462 – 487 per equity share. The IPO opens on May 11, 2022 and ends on May 13, 2022.
The IPO comprises of fresh issue as well as Offer For Sale. The fresh issue of shares is worth Rs 4,000 crore and Offer For Sale is for Rs 1,235 crore.
Employees of Delhivery can buy the shares for a discounted price of Rs 25 per equity shares to the final issue price.
Company Summary
The logistics company is one of the largest and fastest growing fully integrated player in India by revenue as of fiscal year 2021. It has a pan-India presence covering 17,488 postal index number (“PIN”) codes.
The company provides a full-range of logistics services, including express parcel delivery, heavy goods delivery, parttruckload freight, truckload freight, warehousing, supply chain solutions, cross border express and freight services and supply chain software.
Delhivery operates high-quality logistics infrastructure, work with a vast network of domestic and global partners and have made significant investments in automation, self-developed logistics technology and in data intelligence capabilities.
The company has over 80 applications through which the company provide various services, connected by its platform to govern transaction flows from end to end.The company operates 21 fully and semi-automated sortation centres and 82 gateways across India as of December 31, 2021.
Delhivery had a Rated Automated Sort Capacity of 3.70 million shipments per day as of end of December 2021. The company has an automated material handling systems at their gateways in Tauru (Haryana), Bhiwandi (Maharashtra) and Bengaluru (Karnataka).
Company Strengths
- The company’s rapid growth, extensive scale and improvement in unit economics.
- The company’s proprietary technology systems enables them to offer integrated logistics services to a wide variety of customers.
- Strong data intelligence capabilities.
- Well-established relationships with a diverse customer base.
- Extensive ecosystem of partners, enabling an asset-light business model and extended reach.
- Highly qualified professional team and experienced management.
Company Financials
Particulars | 9MFY22 | FY21 | FY20 | FY19 |
Total Assets | 84,294.83 | 45,977.98 | 43,573.08 | 40,625.45 |
Total Revenue | 49,114.06 | 38,382.91 | 29,886.29 | 16,948.74 |
Profit/Loss After Tax | (8,911.39) | (4,157.43) | (2,689.26) | (17,833.04) |
*All numbers are Rs in millions
Purpose of the IPO
- Funding organic growth initiatives aggregating to Rs 20,000 crore.
(i) Building scale in existing business lines and developing new adjacent business lines totalling Rs 1,600 crore.
(ii) Expanding its network infrastructure aggregating Rs 13,600 crore.
(iii) Upgrading and improving proprietary logistics operating system for Rs 4,800 crore.
- Funding inorganic growth through acquisitions and other strategic initiatives for Rs 10,000 crore.
- General corporate purposes.
- To carry out the company’s Offer for Sale and achieve the benefits of listing the equity shares on stock exchanges.
Company Promoters
Delhivery is a professionally managed company and does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act, 2013.
IPO Details
|
IPO Opening Date |
11-May-22 |
|
IPO Closing Date |
13-May-22 |
|
IPO Issue Price |
Rs 462 to Rs 487 per equity share |
|
IPO Lot Size |
30 Shares |
|
Issue Size |
Rs 5,235 cr |
|
Fresh Issue |
Rs 4,000 cr |
|
Offer For Sale |
Rs 1,235 cr |
|
IPO Face Value |
Rs 1 per equity share |
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
BSE, NSE |
IPO Lot Size
Application | Lots | Shares | Amount |
Minimum | 1 | 30 | Rs 14,610 |
Maximum | 13 | 390 | Rs 189,930 |
IPO Allotment and Listing Details
Event | Date |
Shares Allotment Date | 19-May-22 |
Initiation of Refunds | 20-May-22 |
Credit of Shares to Demat | 23-May-22 |
Delhivery IPO Listing Date | 24-May-22 |
You can check your allotment in BSE or Link Intime