Delhivery IPO Estimate of Listing price by Chanakya : Click

 Delhivery Grey Market News Today #
On 24 May 2022 @ 1.00 pm
Grey Market Premium Rs. NIL/ No trades

Delhivery IPO Subscription Trend
on 13 May 2022 @ 5.00 pm
QIB 33863662 Sh : 2.66 T
NII : 16931818 Sh : 0.30 T
RII : 11287878 Sh : 0.57 T
Emp: 457665 Sh :  0.27 T
Tot : 62541023 Sh : 1.63 T

Delhivery IPO Guidance : The company has developed very strong business which can bring in long term value and ultimately, takeover by some MNC.However the profitability is the question and this aspect of negative profits affect the investor sentiment, since last few months ( as we saw in PayTM, Zomato PB Infotech etc) . We are not sure of listing gain. However you may apply in this IPO with long term investment angle.

Delhivery Company Details
Delhivery is the largest and fastest growing fully-integrated logistics services player in India by
revenue as of Fiscal 2021. It has achieved significant scale and growth.
Its mission is to enable customers to operate flexible, reliable and resilient supply chains at the lowest costs. It provided 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.

The key differentiators of its business are:
1) Integrated solutions 2)Proprietary logistics operating system 3) Data Intelligence 4) Automation 5) Unified Infrastructure and Network 6) Asset-light operations

Delhivery operated 20 fully and semi-automated sortation centres . It had a Rated Automated Sort Capacity of 3.17 million shipments per day as of June 30, 2021, which it further enhanced to more than 3.98 million shipments per day as of September 30, 2021.

It has automated material handling systems at its gateways in Tauru (Haryana), Bhiwandi (Maharashtra) and Bengaluru (Karnataka). This automation, combined with system-directed floor operations, path expectation algorithms and machine-vision guided truck loading systems, together enable its facility staff to be more productive and reduce errors in their operations.

Some of the Key Statisticks ( includuing Spoton ,acquired in August 21)
PIN code Reach 17,045 + 12,639
Infrastructure
(in million sq ft) 12.42 + 2.73
No. of Gateways 86 + 33
Team size 66,348 + 1,947
No. of Active Customers 21,342 + 5,399

The Indian logistics market presents a large addressable opportunity, with direct spends on logistics of
US$216.0 billion in Fiscal 2020 and is expected to grow to approximately US$365.0 billion by Fiscal 2026 at a CAGR of 9.1%For more information, click www.delhivery.com

The Promoters of Delhivery
The Company is a Professionally managed company and doesnot have any identifiable promoter

Delhivery IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilise the Net Proceeds towards
towards the following objects
1. Funding organic growth initiatives;
2. Funding inorganic growth through acquisitions and other strategic initiatives

Delhivery IPO Details
IPO opens on 11 May , 2022
IPO closes on 13 May ,2022
Issue Type: Book Built Issue IPO
Issue : up to 107494,866 Shares /Rs 5235 Crore
* Fresh Issue of 82135524 Sh/ Rs.4000 Cr
* Offer for Sale Up to 25359342 Sh/ Rs. 1235 Cr

Face Value per share : Rs. 1

Delhivery IPO Price Band Per Equity Share: Rs. 462-487
Delhivery IPO Retail Lot Size 30 Shares
Delhivery Listing will at BSE,NSE

Shares offered to
QIB 75%) 80621150 Shares = Rs 3926.25 Cr
NII (10%) 10749486 Shares = Rs 523.50 Crs
RII (15%) 16124230 Shares = Rs 785.25 Crs
Lot size: 30 Shares = 537474 Forms
Min Retail Application : 30 Sh , Rs. 14610
Max Retail Application : 390 Sh, Rs 189930

Delhivery IPO Tentative timeTable
Delhivery IPO Allotment on 19 May 2022
Unblocking of ASBA 20 May 2022
Credit to Demat Accounts 23 May 2022
Delhivery IPO Listing on 24 May 2022

Delhivery IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs ( 5.22)
Earnings per Share 2020-21,Rs (8.05)
Earnings per Share 2021-22 3M Rs (3.41)
Book Value of the Share as on 31.3.2021 Rs 54.79
Return on Net Worth: 19-20 (8.48) %
Return on Net Worth: 20-21: (14.66) %
Return on Net Worth: 20-21 3M:( 2.73) %
Equity Shares prior to the IPO : 191,186,100 Shares

Ratio Analysis
Upper Price Band/last EPS: N.A.
Upper offer price/Book Value Ratio : 8.88
Upper offer price/BV after IPO Ratio:

Delhivery IPO Peer Comparison:
None of the listed companies in India are engaged in business portfolio similar to this company
.

Delhivery IPO Lead Managers 
Kotak Mahindra Capital,Morgan Stanley India Company,BofA Securities, Citigroup Global Markets India
Registrar to Delhivery IPO
Linkintime India Pvt Ltd.

Registered Office of Delhivery
N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gate 6 Cargo Terminal, Indira Gandhi International Airport, New Delhi 110037
Company Secretary & Compliance Officer : Sunil Kumar Bansal

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