Delhivery IPO

Delhivery Ltd.

₹13,860 /30 sharesMinimum Investment

Delhivery IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹487.00₹495.00₹8.00 (1.64%)

Delhivery IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
11 May ‘22 - 13 May ‘22₹13,86030₹462 - ₹487
Issue SizeIPO Doc
5235.00Cr
RHP PDF

Application Details

For Delhivery IPO, eligible investors can apply as Regular & Employee.
Apply as Employee
  • If you are an employee of Delhivery Ltd.
  • Offered at discount of Rs. 25 per share

Subscription Status As on 13 May '22, 2:33 PM

  • Retail Individual Investor
    0.51x
  • Non-Institutional Investor
    0.04x
  • Qualified Institutional Buyers
    2.21x
  • Employees
    0.21x
  • Total
    1.30x

About Delhivery

Parent Organisation
Delhivery Ltd.
Founded
2011
Managing Director
Sahil Barua
Delhivery IPO review, analysis, news, details | Upcoming IPO 2022

Strengths & Risks

  • Revenue from contracts with customers has grown from Rs 1653.89 crore in Fiscal 2019 to Rs 3646.52 crore in Fiscal 2021.
  • In Fiscal 2021, the company fulfilled over 289.20 million express parcel orders.
  • Value-added services such as e-commerce return services, payment collection and processing, installation and assembly services and fraud detection.
  • Company served a diverse base of 21,342 Active Customers across e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare and retail, in the three months ended June 30, 2021.
  • In the first quarter of Fiscal 2022, 64% of revenues were from customers who have been transacting with the company for over three years.
  • Executed an agreement to enter into a strategic alliance with FedEx.
  • Mesh network structure that facilitates quick action in responding to changes due to volumes, shipment profiles and environmental conditions.
  • Team of 474 engineering, data sciences and product professionals, as of June 30, 2021.
  • Technology stack consists of more than 80 applications that encompass supply chain processes including order management, warehouse management, and transportation management.
  • Negative cash flows from operating, and investing activities in fiscal 2019 and fiscal 2020.
  • Risks associated with shipments handled and transported through its network and risks associated with transportation and cash-on-delivery, which may not be fully covered by its insurance policies.
  • High correlation with the growth of the ecommerce industry
  • Material Subsidiary ‘Sponton’ has not been in compliance with certain requirements of the Companies Act, 2013 in the past and may face penalties.
  • The Company, its subsidiaries and certain of its Directors are currently involved in certain legal proceedings.
  • Any failure in securing the large quantity of confidential customer data that the company processes could lead to damage to its reputation.
  • Inability to maintain or expand its scaled, automated, and unified network infrastructure
  • Any disruptions to its logistics and transportation facilities
  • Failure to improve or effectively utilize its technology infrastructure or prevent disruptions to our it.
  • As of June 30, 2021, the company had current borrowings of Rs 197.20 crore.
  • As of June 30, 2021, the company had Rs 34.54 crore of contingent liabilities mainly comprising claims against it in direct tax proceedings.
  • For Fiscals 2019, 2020 and 2021 average outstanding receivable days stood at 47 days, 79 days, and 60 days, respectively - delays or defaults in payment could affect its cash flow.

Financials

*All values are in Rs. Cr
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