Bookbuilding IPO | ₹5,235 Cr | Listed at BSE, NSE | Wed, May 11, 2022 - Fri, May 13, 2022
Delhivery IPO is a book build issue of ₹5,235.00 crores. The issue is a combination of fresh issue of 8.21 crore shares aggregating to ₹4,000.00 crores and offer for sale of 2.54 crore shares aggregating to ₹1,235.00 crores.
Delhivery IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Delhivery IPO was finalized on May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.
Delhivery IPO price band is set at ₹487 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,610 (30 shares) (based on upper price). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,04,540, and for bNII, it is 69 lots (2,070 shares), amounting to ₹10,08,090.
The issue includes a reservation of up to 4,32,900 shares for employees offered at a discount of ₹25.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Delhivery IPO RHP for detailed Information.
IPO Open
Wed, May 11, 2022
IPO Close
Fri, May 13, 2022
Issue Price
₹487 per share
Market Cap (Pre-IPO)
₹35,283.22 Cr
| IPO Date | 11 to 13 May, 2022 |
| Listed on | Tue, May 24, 2022 |
| Face Value | ₹1 per share |
| Price Band | ₹462 to ₹487 |
| Issue Price | ₹487 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 10,74,97,225 shares (agg. up to ₹5,235 Cr) |
| Fresh Issue | 8,21,37,328 shares (agg. up to ₹4,000 Cr) |
| Offer for Sale | 2,53,59,897 shares of ₹1 (agg. up to ₹1,235 Cr) |
| Share Holding Pre Issue | 64,23,65,827 shares |
| Share Holding Post Issue | 72,45,18,329 shares |
| BSE Script Code / NSE Symbol | 543529 / DELHIVERY |
| ISIN | INE148O01028 |
Delhivery IPO offers total 10,75,17,088 shares. Out of which 8,03,13,142 (74.70%) allocated to QIB, 3,21,25,282 (29.88%) allocated to QIB (Ex- Anchor), 1,60,62,628 (14.94%) allocated to NII 1,07,08,418 (9.96%) allocated to RII and 4,81,87,860 (44.82%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 8,03,13,142 (74.70%) | NA |
| − Anchor Investor Shares Offered | 4,81,87,860 (44.82%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,21,25,282 (29.88%) | NA |
| NII (HNI) Shares Offered | 1,60,62,628 (14.94%) | NA |
| − bNII > ₹10L | 1,07,08,419 (9.96%) | 25,496 |
| − sNII < ₹10L | 53,54,209 (4.98%) | 12,748 |
| Retail Shares Offered | 1,07,08,418 (9.96%) | 3,56,947 |
| Employee Shares Offered | 4,32,900 (0.40%) | NA |
| Total Shares Offered | 10,75,17,088 (100.00%) |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,610 |
| Retail (Max) | 13 | 390 | ₹1,89,930 |
| S-HNI (Min) | 14 | 420 | ₹2,04,540 |
| S-HNI (Max) | 68 | 2,040 | ₹9,93,480 |
| B-HNI (Min) | 69 | 2,070 | ₹10,08,090 |
Delhivery IPO raises ₹2,346.75 crore from anchor investors. Delhivery IPO Anchor bid date is May 10, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 10, 2022 |
| Shares Offered | 4,81,87,860 |
| Anchor Portion (₹ Cr.) | 2,346.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 18, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 17, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation & assembly services, and fraud detection. Delhivery is the largest and fastest-growing fully integrated Logistics services player in India by revenue as of FY21.
The company has proprietary technology systems that enable it to offer integrated Logistics services to a wide variety of customers. Its technology stack consists of over 80 applications for all supply chain processes.
The company has built a nationwide network, servicing 17,045 PIN codes in the six months ended June 30, 2021, or 88.3% of the 19,300 PIN codes in India.
Its 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. The company has engineering, data sciences, and product team of 474 professionals. The company served a diverse base of 21,342 active Customers across e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail.
Competitive strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding organic growth initiatives | 2,000.00 |
| 2 | Building scale in existing business lines and developing new adjacent business lines | 160.00 |
| 3 | Expanding the network infrastructure | 1,360.00 |
| 4 | Upgrading and improving the proprietary logistics operating system | 480.00 |
| 5 | Funding inorganic growth through acquisitions and other strategic initiatives | 1,000.00 |
| 6 | General corporate purposes | 870.30 |
| KPI | |
|---|---|
| RoNW | -14.66 |
| PAT Margin | -10.83% |
| EBITDA Margin | -2.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -8.05 | |
| P/E (x) | -67.3 | |
| Market Cap | ₹35,283.22 Cr. |
The Delhivery IPO is subscribed 1.63 times on May 13, 2022 5:00:00 PM (Day 3). The public issue subscribed 0.57 times in the retail category, 2.66 times in the QIB category, and 0.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.66 | 3,38,63,662 | 9,00,49,140 |
| NII | 0.3 | 1,69,31,818 | 50,81,490 |
| Retail | 0.57 | 1,12,87,878 | 64,36,980 |
| Employee | 0.27 | 4,57,665 | 1,23,870 |
| Total | 1.63 | 6,25,41,023 | 10,16,91,480 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 10.47 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.43 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Advertising and marketing expenses | 1.90 |
| 5 | Fees payable to Auditors | 0.58 |
| 6 | Fees payable to Independent chartered accountant | 0.05 |
| 7 | Fees payable to Industry expert | 0.09 |
| 8 | Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.42 |
| 9 | Printing and distribution of stationery | 0.12 |
| 10 | Fees payable to legal counsels | 0.79 |
| 11 | Miscellaneous | 1.11 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹487.00 | ₹487.00 |
| Open | ₹493.00 | ₹495.20 |
| Low | ₹474.00 | ₹467.50 |
| High | ₹568.90 | ₹568.90 |
| Last Trade | ₹537.25 | ₹536.35 |
Delhivery IPO is a main-board IPO of 10,74,97,225 equity shares of the face value of ₹1 aggregating up to ₹5,235 Crores. The issue is priced at ₹487 per share. The minimum order quantity is 30.
The IPO opens on Wed, May 11, 2022, and closes on Fri, May 13, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Delhivery IPO using UPI as a payment gateway. Zerodha customers can apply in Delhivery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Delhivery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Delhivery IPO opens on Wed, May 11, 2022 and closes on Fri, May 13, 2022.
Delhivery IPO lot size is 30, and the minimum amount required for application is ₹14,610.
You can apply in Delhivery IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Delhivery IPO will be done on Thursday, May 19, 2022, and the allotted shares will be credited to your demat account by Mon, May 23, 2022. Check the Delhivery IPO allotment status.
The Delhivery IPO listing date is on Tue, May 24, 2022.
