Delhivery, one of the fastest growing logistics providers in India, is set to launch its initial public offering (IPO) this week. The company aims to raise Rs 5,235 crore from its first offering. Let’s take a look at the details of Delhivery IPO
Delhivery IPO Dates
The Delhivery IPO will open for investors on May 11. You have the opportunity to invest in Delhivery until May 13th.
Delhivery IPO Price
The price range for Delhivery IPO has been set at Rs 462-487. Investors can bid for a minimum of 30 shares and in multiples thereof. Employees will benefit from a rebate of Rs 25 per share.
Delhivery IPO Issue Size
Delhivery’s IPO number is around Rs 5,235 crore, consisting of a new issue of Rs 4,000 crore and a sell offer of Rs 1,235 crore.
Delhivery IPO Quota Details
The company has reserved 10% for individual retail investors (RII). About 75% of the total supply went to qualified institutional buyers (QIBs). For non-institutional investors (NII), the company has reserved 15 percent.
Delhivery IPO Share Sale
CA Swift Investments, a Carlyle Group entity, will unload shares worth 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 private equity fund China Momentum Fund, LP will sell shares worth Rs 200 crore and Times Internet will sell shares worth Rs 165 crore.
Additionally, Delhivery co-founders – 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 watchers, shares of Delhivery are available at a premium (GMP) of Rs 16 in the gray market over the weekend.
Objectives of Delhivery IPO
Delhivery plans to use the funds raised from its IPO for organic growth initiatives. It will also allocate funds for inorganic growth through acquisitions and strategic initiatives and for general corporate purposes.
Delhivery IPO: Highlights
Launched in June 2011, Delhivery is India’s largest and fastest growing fully integrated logistics services player by revenue as of fiscal year 2021. It operates a pan-India network and provides its services in 17,488 postal index number codes, as of December 31, 2020. 2021.
He has provided supply chain solutions to a diverse base of 23,113 active customers such as e-commerce marketplaces, direct-to-consumer online retailers, and enterprises and SMEs across multiple verticals. About 64% of the company’s revenue came from loyal customers who had been transacting for three years.
Delhivery Company: SWOT Analysis
With a current CAGR of 48.49%, Delhivery has shown rapid growth in its revenue chart, according to the RedSeer report. The company successfully processed 47.37 million orders received in the freight center and transported 46,878 truck movements in fiscal 2021.
Their in-house logistics technology stack is designed to meet the dynamic needs of modern supply chains. They have over 80 apps through which they provide various services. It operated 21 fully and semi-automated sorting centers and 82 gateways across India (excluding Spoton) as of December 31, 2021.
Read all the latest IPL 2022 news, breaking news and live updates here.