Delhivery IPO | Review

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Delhivery, has come up with an initial public offer (IPO). It is likely to open on May 11-13, 2022 at Rs.462-487 a share. The IPO issue size is around Rs.5,235 crore. The minimum bid will be for 30 shares and in its multiples thereafter.


“Delhivery Limited” was incorporated on 22nd June 2011 in Delhi. It aims to build an operating system for commerce. Its business is guided by three operating principles: 1) People-centricity 2) Growth through partnership 3) Efficiency. The company provides a full range of logistics services, including express parcel delivery, heavy goods delivery, PTL freight, TL freight, warehousing, supply chain solutions, cross border express and freight services, and supply chain software, along with value-added services such as e-commerce return services, payment collection and processing, installation and assembly services and fraud detection. Delhivery is the fastest-growing fully-integrated logistics services player in India by revenue as of Fiscal 2021. It operates a pan-India network and provides our services in 17,488 PIN codes. The company serves a diverse base of 23,113 Active Customers across eCommerce, consumer durables, electronics, lifestyle, FMCG, industrial goods, automotive, healthcare, and retail.


The company is a professionally managed company and does not have any promoters

Strength & Weakness

Rapid growth and extensive scaleHistory of losses and negative cash flows
Vast data intelligence capabilitiesRely on network partners and 3rd parties
Proprietary logistics operating systemHighly fragmented industry
Network design and engineeringStrong/intense competition
Strong & diverse customer baseAll logistics facilities are leased 
Highly qualified professional teamMacroeconomic & demographic risks
An integrated portfolio of logistics servicesCertain contingent liabilities


Blue DartEcom ExpressGatiEkart Logistics
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Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) Funding organic growth initiatives

2) Funding inorganic growth through acquisitions and other strategic initiatives

3) General corporate purposes

Delhivery IPO Lot Size


Delhivery IPO Details

IPO Opening Date 11th May 2022
IPO Closing Date 13th May 2022
Face Value Rs.1 per Equity Share
IPO Price Rs.462-487 per share
Market Lot 30 shares
Minimum Order Quantity 30 shares
Listing At NSE, BSE
Issue Size Up to Rs.5,235.00 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer 


Employees – Rs.25 per share

Delhivery IPO Timetable

IPO Date11-13 May 2022
Allotment Date19 May 2022
Initiation of Refunds20 May 2022
Credit of share to Demat a/c23 May 2022
IPO Listing Date24 April 2022

Allotment Status

Link Intime –

Book Lead Managers


About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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