Delhivery

IPO Size

`5235 Cr

Price Band

`462-487 Per Share

Minimum Lot Size

30 Share

Face Value

`1 Per Share

Employee Discount

NA

Retail Allocation

10%

Issue Open Date

11 May 2022

Issue Close Date

13 May 2022

Listing Date

19 May 2022

About the Company:

Delhivery aims to build an operating system for commerce. The firm is guided by three main operating principles namely, (i) People-centricity: (ii) Growth through partnership: (iii) Efficiency, always.

According to the RedSeer Report, Delhivery was the largest and fastest-growing fully-integrated logistics services player in India by revenue as of Fiscal 2021. The mission of the firm is to enable customers to operate flexible, reliable, and resilient supply chains at the lowest costs. The firm provides supply chain solutions to a diverse base of 21,342 Active 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 three months ended June 30, 2021.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases 6 1 - 3 - -
Material civil cases 5 - 1 - - -
Taxation matters - - - - - -
Regulatory Proceedings - 8 - 2 - -

Financial Statements:

Income Statement(in Milllions) FY21 FY20 FY19
Gross Operating Income 38,382.91 29,886.29 16,948.74
Cost of Employee & Inventory 6,109.23 4,908.94 3,446.39
Other Expenses 37,694.57 29,526.22 32,723.60
EBITDA 688.34 360.07 -15,774.86
Depreciation 3,546.20 2,555.91 1,700.05
Finance Cost 886.27 492.18 358.13
Profit/Loss Before Tax -4,157.43 -2,688.02 -17,833.04
 Tax   -1.24  
Profit After Tax -4,157.43 -2,689.26 -17,833.04

Promoter of the Company

Our company is professionally managed and does not have an identifiable promoter

Peer Comparison

• Blue Dart Express Ltd • TCI Express Ltd • Mahindra Logistics Ltd

Objectives of the Issue

Offer for Sale

The company will not receive any proceeds from the Offer for Sale worth Rs 1235 cr.

Fresh Issue

Net proceeds from the fresh issue worth Rs 4000 cr. will be utilized for:- • Funding organic growth initiatives; • Funding inorganic growth through acquisitions and other strategic initiatives; and • General corporate purposes.

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