Delhivery IPO

Delhivery Ltd.

₹13,860 /30 sharesMinimum Investment

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

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

Delhivery is a logistics service company in India. The company provides logistics services such as express parcel delivery, heavy goods delivery, part-truckload freight, truckload freight, warehousing, supply chain solutions, cross border express and freight services and supply chain software. The company was founded in 2011 and has its headquarters in Gurgaon, India. Founder Sahil Barua is the CEO of Delhivery while Co-Founder Kapil Bharati is the CTO. ;
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
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular462 - 487₹2 Lakh
Employee437 - 462₹2 Lakh
For Delhivery IPO, eligible investors can apply as Regular & Employee.
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