Delhivery IPO opens today, Should you place an Order?

Everything you need to know about the Delhivery IPO

by 5paisa Research Team Last Updated: 2022-05-11T15:43:11+05:30

Delhivery IPO has opened today for retail investors, the logistics giant is raising Rs.5235 crores through public offer. Delhivery will utilise Rs 2,000 crore from the proceeds to fund organic growth, which includes initiatives such as scaling its existing business lines, developing new business lines, expanding network infrastructure, and improving our proprietary logistics operating system.

Its investors Carlyle Group, SoftBank and Delhivery's co-founders will divest their shareholding in the logistics company. 

Further, it will utilise around Rs 1,000 crore for funding inorganic growth opportunities through acquisitions and other strategic initiatives.

Prior to its public offer, it had raised 2000 crores from the Anchor investors, about 48 million shares were allotted to anchor investors at Rs. 487 per share, which is the upper end of its IPO price band.

Some of the foreign investors who participated in the anchor share allotment were Tiger Global, Bay Capital, Steadview, Fidelity, Baillie Gifford, Schroders, Amansa, Aberdeen Standard Life, Government Pension Fund Global and Invesco HK, as per ET.

In addition, SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Mirae MF, ICICI Prudential MF, Invesco MF and Nippon India too participated in the anchor round.

The subscription of the IPO will close on May 13th, bids can be made of a minimum of 30 shares.

What are Analysts views on the Delhivery IPO?

The future prospects of the company seem good due to the growth prospects of E-commerce in India. If you want more details on the company, you visit Delhivery IPO page on our website.

Delhivery is well positioned to benefit from the growth of e-commerce due  its asset light model, data intelligence capabilities, and its ability to leverage its technology. 

Although the valuation is cause of concern among investors, it is asking a valuation of almost 5.5 times its revenue.

Also Read :

Delhivery IPO Timeline
IPO Synopsis
Objectives of Delhivery IPO

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