Delhivery, one of the fastest growing logistics providers in India, is all set to launch its Initial Public Offering (IPO) this week. The company is aiming to raise Rs 5,235 crore from its initial offer. Let’s see the details of Delhivery IPO
Delhivery IPO Dates
The Delhivery IPO will open to investors on May 11. You have the chance to invest in Delhivery until May 13th.
Delhivery IPO Price
The price range for Delhivery IPO is set at Rs 462-487. Investors can bid on a minimum of 30 shares and in multiples thereof. Employees will be given a discount of Rs 25 per share of shares.
Delhivery IPO Issue Size
Delhivery’s IPO issuance is about Rs 5,235 crore, consisting of a new issue of Rs 4,000 crore, and an offer for sale of Rs 1,235 crore.
Delhivery IPO Quota Details
The company has reserved 10 percent for private individual investors (RII). About 75 percent of the total supply is allocated to Qualified Institutional Buyers (QIB). The company has reserved 15 percent for non-institutional investors (NII).
Delhivery IPO Share Sale
CA Swift Investments, an entity of Carlyle Group, will sell shares for an amount of Rs 454 crore. SVF Doorbell (Cayman) Ltd, a branch of Softbank Group, will sell shares worth Rs 365 crore. Deli CMF Pte Ltd, a wholly owned subsidiary of the private equity fund China Momentum Fund, LP will sell shares worth Rs 200 crore and Times Internet will sell shares worth Rs 165 crore.
In addition, the co-founders of Delhivery – Kapil Bharati, Mohit Tandon and Suraj Saharan – will sell shares worth Rs 5 crore, Rs 40 crore and Rs 6 crore respectively.
Delhivery IPO GMP
According to market observers, Delhivery shares will be available at a premium (GMP) of Rs 16 in the gray market over the weekend.
Delhivery IPO Targets
Delhivery plans to use the funds raised from the IPO for organic growth initiatives. It will also allocate funds for inorganic growth through acquisitions and strategic initiatives and for general corporate purposes.
IPO in Delhivery: key highlights
Founded in June 2011, Delhivery is the largest and fastest growing player in fully integrated logistics services in India as measured by revenue as of fiscal 2021. It operates a pan-Indian network and offers their services in 17,488 postal index postcodes , as of December 31. 2021.
It provided supply chain solutions to a diverse base of 23,113 active customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises and SMEs across industries. About 64 percent of the company’s revenue came from loyal customers who have been transacting for three years.
Delhivery Company: SWOT Analysis
With a current CAGR of 48.49 percent, Delhivery is showing rapid growth in its revenue chart, according to the RedSeer report. The company successfully processed 47.37 million orders received at the freight center and transported 46,878 truckloads in fiscal 2021.
Their in-house logistics technology stack is built to meet the dynamic needs of modern supply chains. They have more than 80 applications with which they offer various services. It operated 21 fully and semi-automated sorting centers and 82 gateways across India (excluding Spoton) as of December 31, 2021.
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