Everything You Need to Know About the Delhivery Limited IPO

Delhivery Limited is the largest and fully-integrated logistics service provider in India. 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, etc.

As of December 31, 2021, the company provided supply chain solutions to 23,113 clients across 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.

Delhivery operates in the logistics industry which comprises transportation and warehousing, of which transportation accounted for 70% of the value. India’s logistics industry is one of the largest in the world but is highly fragmented compared to other markets. The top 10 organized players account for ~1.5% of the logistics market in India, versus ~15% in the US and ~7- 10% in China.

This presents a large addressable opportunity for organized players, which is expected to grow at a CAGR of 35% between Fiscal 2020 and Fiscal 2026, taking their share to 12.5-15% by Fiscal 2026 of the logistics market. Total logistics spending in India was ~14% of GDP in Fiscal 2020, which is significantly higher than developed countries like Germany and the US, where logistics spending is ~8% of GDP.

The public offer of Delhivery comprises a fresh issue of equity shares aggregating up to Rs. 4,000 crores and an offer for sale of equity shares worth Rs. 1,235 cores from existing shareholders.

  • Financial Snapshot
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

For more information, you can check the IPO Prospectus filed by the company.

IPO Details

Issue Period 11th May 2022 to 13th May 2022
Price Range 462 - 487
Minimum Bid Quantity 30 and in multiples thereof
Finalization of Allotment 19th May 2022
Initiation of Refunds 20th May 2022
Credit of Shares 23rd May 2022
Date of Listing 24th May 2022
Mandate end date 29th May 2022
Anchor Investors Lock-in End Date 12th June 2022

How do I apply to the Delhivery Limited IPO?

You can apply for the Delhivery Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Delhivery Limited IPO?

You can check the allotment status for the Delhivery Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.


Thanks @ShubhS9!

1 Like