Delhivery Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Delhivery Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹487
Per ShareLot Size
30 Shares
Minimum Investment
₹14,610
Issue Size
₹5,235 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Delhivery Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE148O01028
About the Company
Delhivery Limited was the largest and fastest growing fully integrated logistics player in India by revenue as of Fiscal 2021. The Company provides a full-range of logistics services, including express parcel delivery, heavy goods delivery, part-truckload freight, truckload freight, warehousing, supply chain solutions, cross border express and freight services and supply chain software. This is achieved through its high-quality logistics infrastructure and network engineering, a vast network of domestic and global partners and significant investments in automation, all of which are orchestrated by its self-developed logistics operating system that is guided in real-time by deep sources of proprietary network and environmental data.
Industry Overview
The Indian logistics sector had a direct spend of US$216 billion in Fiscal 2020, which is expected to grow to US$365 billion by Fiscal 2026, driven by strong underlying economic growth, favourable regulatory environment, improvements in India's transportation infrastructure and growth of domestic manufacturing and the digital economy. The industry is fragmented with organized players accounting for approximately 3.5% of the market for road transportation, warehousing and supply chain services in Fiscal 2020. This is expected to reach 12.5-15.0% in Fiscal 2026, implying a CAGR of approximately 35% between Fiscal 2020 and Fiscal 2026.
Company History
Delhivery Limited was incorporated as "SSN Logistics Private Limited", a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi ("RoC") on June 22, 2011. Subsequently, the name of the Company was changed to "Delhivery Private Limited", pursuant to a fresh certificate of incorporation issued by the RoC on December 8, 2015. On the conversion of the Company to a public limited company, pursuant to a resolution passed by its Shareholders on September 29, 2021, the name of the Company was changed to "Delhivery Limited" and a fresh certificate of incorporation dated October 12, 2021 was issued by the RoC.
Products & Services
- The Company 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.
Growth Strategy
- Expand investments in infrastructure and network
- Continue to build scale in existing business lines
- Deepen its customer relationships
- Enhance its technology (software and hardware) capabilities
- Externalise its logistics operating system
- Create new adjacent growth vectors
- Expand into high-growth international markets similar to India
- Pursue strategic alliances and select acquisition and investment opportunities
Customer Base
The Company is having a diverse base of 21,342 Active Customers across e-commerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotives, healthcare and retail.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 107,497,225 equity shares of face value of Re. 1 each ("Equity Shares") of Delhivery Limited ("Company" or "Issuer") for cash at a price of Rs. 487 per equity share (including a share premium of Rs. 486 per equity share) (the "Offer Price") aggregating to Rs. 5235.00 crores (the "Offer") comprising a fresh issue of 82,137,328 equity shares aggregating to Rs. 4000.00 crores (the "Fresh Issue") and an offer for sale of 25,359,897* equity shares aggregating to Rs. 1235.00 crores (the "Offer for Sale"), comprising an offer for sale of 4,106,866* equity shares aggregating to Rs. 200.00 crores by Deli CMF Pte. Ltd., 9,322,586* equity shares aggregating to Rs. 454.00 crores by CA Swift Investments, 7,495,031* equity shares aggregating to Rs. 365.00 crores by SVF Doorbell (Cayman) Ltd, 3,388,164 equity shares aggregating to Rs. 165.00 crores by Times Internet Limited (collectively, the "Investor Selling Shareholders"), 102,671 equity shares aggregating to Rs. 5.00 crores by Kapil Bharati, 821,373 equity shares aggregating to Rs. 40.00 crores by Mohit Tandon and 123,206 equity shares aggregating to Rs. 6.00 crores by Suraj Saharan (collectively, the "Individual Selling Shareholders") (the investor selling shareholders and the individual selling shareholders, collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). This offer includes a reservation of 432,900* equity shares aggregating to Rs. 20.00 crores (constituting 0.06% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The company, in consultation with the brlms, offered a discount of Rs. 25 per equity share to eligible employee(s) bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 14.84% and 14.78%, respectively, of the postoffer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- The company relies on a scaled, automated and unified network infrastructure, largely comprising its logistics and transportation facilities, for its business operations. Its may not be able to manage its growth if its are not able to maintain or expand its network infrastructure.
- Any disruptions to its logistics and transportation facilities could have a material adverse effect on its business, financial condition, cash flows and results of operations.
- Its employ a large workforce, and any failure to attract and retain suitably qualified and skilled employees, labour unrest, labour union activities, increases in the cost of labour or failure to comply with applicable labour laws could negatively affect its business.
- The company relies on network partners and other third parties for certain aspects of its business, which poses additional risks.
- Its long-term growth and competitiveness are highly dependent on its ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.