Delhivery IPO

By Anisha Deosaria and Ankita Ghosh Biswas

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 the fastest growing fully-integrated player in the market whose mission is to enable the 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.
• The top three Delhivery competitors in the Shipping and Fulfillment category are FedEx with 38.07%, Magento Shipping with 36.17%, and Send cloud with 5.62% market share.
• Delhivery makes a profit on every unit it delivers and has likely always been unit economic profitable.
• Delhivery is related to the courier services while delivery is closely related to ecommerce or transport services.

Delhivery IPO share status:

Delhivery Rs 5,235 crore IPO was subscribed 1.63 times (the public issue subscribed 0.57 times in the retail category, 2.66 times in the QIB category, and 0.30 times in the NII category) on 13^th May 2022 and is likely to finalize the share allotment on Thursday 19^th May. The Public issue received bids for 10.17 crore shares against 6.25 crore shares according to the National Stock Exchange data. The issue was sold at a price range of Rs. 462-487 per share. The issue is expected to list on stock exchanges on 24^th May. Upon successful listing Delhivery with join other listed companies like Blue Dart Express, TCI Express, and Mahindra Logistics. Delhivery IPO shares were seen trading flat in the grey market on Monday, 16^th May.