Delhivery Ltd IPO, a logistics and supply chain startup, has set a price band of Rs. 462 to Rs. 487 per share for its initial public offering (IPO), valuing the business at Rs 35,283 crore at the top end of the range. On May 19, the basis for the Delhivery IPO will be set, and the shares will be credited to the demat account on May 23. On May 24, the company will go public on stock exchanges.
The OFS will also include Delhivery’s co-founders. Kapil Bharati would sell Rs 5 crore in shares, Mohit Tandon will sell Rs 40 crore in shares, and Suraj Saharan will sell up to Rs 6 crore in shares.
Delhivery IPO Details
|Delhivery IPO Opening Date||May 11, 2022|
|Delhivery IPO Closing Date||May 13, 2022|
|Price Band||Rs. 462 to Rs. 487 per share|
|Lot Size||30 Shares|
|Issue Size (Rs. Cr.)||(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 5,235 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|Fresh Issue||(To be announced) Eq Shares of Rs. 10 (aggregating up to Rs. 5,235 Cr)|
|Offer for Sale||(To be announced) shares of Rs. 1 (aggregating up to Rs. 1,235.00 Cr)|
|QIB Shares Offered||Not less than 75% of the Net Offer|
|Retail Shares Offered||Not more than 10% of the Net Offer|
|NII (HNI) Shares Offered||Not more than 15% of the Net Offer|
|Basis of Allotment Date||May 19, 2022|
|Initiation of Refunds||May 20, 2022|
|Credit of Shares to Demat Account||May 23, 2022|
|Delhivery IPO Listing Date||May 24, 2022|
Delhivery IPO Date
The IPO of Delhivery is scheduled to start accepting subscriptions on May 11, 2022 and end on May 13, 2022. The stock sale is being handled by Kotak Mahindra Capital, Morgan Stanley India, Bofa Securities India, and Citigroup Global Markets.
Delhivery IPO Price
Delhivery Ltd, a logistics and supply chain startup, has set a price band of Rs. 462 to Rs. 487 per share for its initial public offering (IPO), valuing the business at Rs 35,283 crore at the top end of the range.
Delhivery IPO Issue Size and Lot Size
The company has reduced the size of its overall offer from Rs. 7,460 crore to Rs. 5,235 crore. It will now raise Rs 4,000 crore through a new issue and Rs 1,235 crore through a tender offer (OFS). The Delhivery IPO lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or Rs. 189,930).
Delhivery IPO Allotment Date and Listing Date
The basis for allotment will be on May 19, 2022, with the shares being credited to the demat account on May 23, 2022. On May 24, the company will list on stock exchanges.
About Delhivery Ltd. IPO
Delivery of express parcels and large products, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software are all available through Delhivery. E-commerce return services, payment collecting and processing, installation and assembly services, and fraud detection are among the company’s value-added services. As of FY21, Delhivery is India’s largest and fastest-growing fully integrated logistics services company by revenue.
The company uses unique technological solutions to provide integrated Logistics services to a wide range of customers. It has approximately 80 apps for all supply chain processes in its technology stack.
In the six months ending June 30, 2021, the company created a statewide network, servicing 17,045 PIN numbers, or 88.3 percent of India’s 19,300 PIN codes.
As of June 30, 2021, the company’s 164-network infrastructure included 124 gateways, 20 automated sort centres, 83 fulfilment centres, 35 collection sites, 24 returns processing centres, 249 support centres, 120 intermediate processing centres, and 2,235 direct delivery centres. The company employs 474 people in engineering, data science, and product development. In e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail, the company offered a varied base of 21,342 active Customers.
Promoters of Delhivery IPO
Promoters of Delhivery IPO are Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan.
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