There are several facts and analyses included within this article that will provide you with a thorough overview of the activities of Delhivery, its history, its goods and services, its financial position, and other relevant information. You will also discover information on the goals that will be achieved via the Initial Public Offering and the profitability of the planned IPO. Additionally, the Delhivery IPO Review can assist you in determining whether or not it is a viable investment opportunity.
This next week, the main market will see the debut of the Delhivery IPO (Initial Public Offering). According to the material posted on the BSE website, the Delhivery Initial Public Offering (IPO) will open for subscription on May 11, 2022, and will stay open for bidding until May 13, 2022. With a price range of 462 to 487 rupees per equity share, the logistics services company hopes to raise 5,230 million through the public offering, with 4,000 rupees expected to come from a new issue of 1,235 crores expected to come from an offer for sale. The company has fixed its price range at 462 to 487 rupees per equity share, and it expects to raise a total of 5,235 million through the public offering (OFS).
The initial public offering (IPO) of Delhivery is scheduled to begin trading on May 11, 2022. The business intends to raise 5,235 crores via an initial public offering (IPO), which would include a new issuance of 4,000 crores and an offer for sale of up to 1,235 crores from promoters. When it comes to fully integrated logistics services providers in India, Delhivery Limited will be one of the biggest and fastest-growing by the fiscal year 2022.
In addition to serving over 17000 pin codes, they have a countrywide network with a presence in every state of the United States. In 2021, the firm recorded sales of Rs. Four thousand five hundred ninety-eight crores, compared to revenues of Rs. Four thousand three hundred fifty-seven crores in the previous year. The price range for the first public offering (IPO) is established at 462 to 487 per equity share. The NSE and BSE will list the Delhivery Initial Public Offering (IPO).
Delhivery IPO GMP Today
DL is launching a maiden combo IPO with a new equity issue worth Rs. 4000 crore and an offer for sale worth Rs. 1235 crore, for a total issue size of Rs. 5235 crore, to help finance its funding plans for organic growth (Rs. 2000.00 crores), scaling up existing business lines and new developments (Rs. 160.00 crores), network infrastructure expansion (Rs. 1360.00 crores), upgrading/improving proprietary logistics operating system (Rs. 480.00 crores), and inorganic (approx. 107494860 shares).
The business has set a price range of Rs for its combination offer. 462.00 to Rs. 487.00 per share of Re. 1 in the range of Rs. 462.00 to Rs. 487.00. To reach the upper cap of the price range, DL will issue 82135530 new equity shares and 25359330 new equity shares via an offer to sell the company’s stock. The issue’s subscription will be available beginning on May 11, 2022, and will conclude on May 13, 2022. A minimum of 30 shares must be applied for, with further shares in multiples of 30 shares afterward. The shares will be listed on the BSE and the NSE following the allocation. The issuance represents 14.84 percent of the company’s paid-up capital as of the offering date.
It has reserved equity shares worth Rs. 20 crore for qualified workers and is providing them a discount of Rs. 25 per share in exchange for their loyalty. It has allocated 75 percent of the residual amount to QIBs, 15 percent to HNIs, and 10 percent to retail investors from the remaining portion.
It is managed by Kotak Mahindra Capital Co. Ltd, Morgan Stanley India Co. Pvt. Ltd, BofA Securities India Ltd, and Citigroup Global Markets India Ltd, with Link Intime India Pvt. Ltd. serving as the issue’s registrar, are underwritten by Morgan Stanley India Co. Pvt. Ltd. and Citigroup Global Markets.
In terms of revenue, Delhivery Ltd. (DL) is the biggest and fastest-growing fully-integrated logistics services business in India as of Fiscal 2021, according to the company’s website. This company has had substantial expansion and development throughout the years.
The three fundamental concepts of human centricity with existing technology, infrastructure and network, development via partnership for third-party contracts, and efficiency of scale operation with prudent cost management are strongly emphasized in the plan. It has a varied client base of 23113 active consumers as of December 31, 2021, and it is rapidly expanding.