What is Delhivery?
- Delhivery is an Indian logistics and supply chain company based in Gurgaon. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati.
- Delhivery is the largest and fastest-growing fully integrated player in the market. Its mission is to enable customers to operate flexible, reliable and resilient supply chains at lower costs.
- The company provides a full suite of logistics services, such as express parcel transportation, PTL and TL freight, cross-border and supply chain services.
- Delhivery's top three competitors in the shipping and fulfilment category are FedEx with 38.07%, Magento Shipping with 36.17%, and Sendcloud with 5.62% market share.
- Delhivery makes a profit on every unit it delivers, and has likely always been profitable on unit economics.
Delhivery IPO share status
Delhivery's ₹5,235 crore IPO was subscribed 1.63 times on 13 May 2022: 0.57 times in the retail category, 2.66 times in the QIB category and 0.30 times in the NII category. Share allotment was likely to be finalised on Thursday, 19 May.
The public issue received bids for 10.17 crore shares against 6.25 crore shares on offer, according to National Stock Exchange data. The issue was sold at a price band of Rs. 462–487 per share and was expected to list on the stock exchanges on 24 May. On listing, Delhivery would join other listed logistics companies such as Blue Dart Express, TCI Express and Mahindra Logistics.
Delhivery IPO shares were seen trading flat in the grey market on Monday, 16 May.