The initial public offering (IPO) of logistics and supply chain company Delhivery Ltd managed to sail through helped by qualified institutional buyers. The IPO, which was opened from May 11 to 13, was subscribed 1.63 times, receiving bids for 10.17 crore shares against 6.25 crore shares in the offer.
Delhivery IPO saw a dull response from retail investors as well as non-institutional investors. The portion set aside for retail individual investors was subscribed just 57%, QIB quota was subscribed 2.66 times and that of Non-Institutional Investors received 30% subscription. The Employees quota was subscribed 27%.
The price band for Delhivery IPO was set at Rs 462 – 487 per share. The issue size was Rs 5,235 crore. It comprised a fresh issue of shares worth Rs 4,000 crore and an offer for sale (OFS) of shares worth Rs 1,235 crore.
Delhivery Ltd will finalise the share allotment on May 19, 2022. Check out the important dates and details about the IPO below:
Delhivery IPO – Important Dates & Details
|Issue Opening Date||May 11, 2022|
|Issue Closing Date||May 13, 2022|
|IPO Size||Rs 538.61 crore|
|Price Band||Rs 462 – 487 per share|
|Bid Lot||30 shares and in multiples thereof|
|Face Value||Rs 1 per share|
|IPO Allotment Date||May 19, 2022|
|Initiation of Refunds||May 20, 2022|
|Credit of Shares to Demat||May 23, 2022|
|IPO Listing Date||May 24, 2022|
Documents/details you will require to check Delhivery IPO allotment status:
DP client ID
How to check Delhivery IPO allotment status?
Investors who had bid for the Delhivery IPO can check the IPO allotment status of their application online, through these 2 modes:
The websites of BSE/NSE OR
The registrar – Link Intime India Pvt Ltd
How to check Delhivery IPO allotment status through BSE/NSE website:
Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select ‘Equity’ in ‘Issue Type’
Step 3: Select ‘Delhivery Ltd.’ in the Issue Name
Step 4: Enter the Application Number or PAN
Step 5: Verify and click on ‘I’m not a robot
Step 6: Click on ‘Search’
How to check Delhivery IPO allotment status through the registrar’s website:
Step 1: Visit https://linkintime.co.in/mipo/ipoallotment.html
Step 2: Select the Query by ‘PAN’, ‘Application No’ Or ’DPID/Client ID’
Step 3: Select ‘Delhivery Ltd.’
Step 4: Enter the PAN, Application number or DPID/Client ID as per the selected option. Finally, click on the ‘Search’ button.
Here’s how a typical IPO allotment search result page will look like:
|Sole/1st Applicant||Amit Singh|
|Cut off price||487|
|Securities Allotted||Amount Adjusted|
About – Delhivery Ltd
Gurugram-based Delhivery is a supply chain company and provides a full range of logistics solutions to a diverse base of customers such as 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.
In the six months ended June 30, 2021, Delhivery had a nationwide network, servicing 17,045 PIN codes, or 88.3% of the 19,300 PIN codes in India. The company’s 164-network infrastructure includes 124 gateways, 20 automated sort centres, 83 fulfilment centres, 35 collection points, 24 returns processing centres, 249 service centres, 120 intermediate processing centres, and 2,235 direct delivery centres as of June 30, 2021
Delhivery became a startup unicorn in 2019 after it raised $413 million in a Series F round led by SoftBank Vision Fund. It has partnered with many companies including Reliance-owned fashion marketplace Ajio to improve customer experience.
Financials – Delhivery Ltd
Delhivery Ltd posted a net loss of Rs 415.74 crore in FY21, Rs 268.93 crore in FY20 and Rs 1,783.30 crore in FY19.
However, the company’s revenues have been increasing over the past three years. The company’s revenue was Rs 3838.29 crore in FY21, Rs 2,988.63 crore in FY20 and Rs 1,694.87 crore in FY19.
Management – Delhivery Ltd
Deepak Kapoor is the Chairman and Non-Executive Independent Director, while Sahil Barua is the Managing Director and Chief Executive Officer of the company.
Sandeep Kumar Barasia is the Executive Director and Chief Business Officer of the company.
Kapil Bharati is the Executive Director and Chief Technology Officer, Ajith Pai Mangalore is the Chief Operating Officer and Amit Agarwal is the Chief Financial Officer of the company.
Pooja Gupta is the Chief People Officer of the company.