Details on IPO

Delhivery Limited is the largest and fully-integrated logistics service provider in India. It 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, etc.

 

As of December 31, 2021, the company provided supply chain solutions to 23,113 clients across 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.

Delhivery Limited  IPO Category

The category-wise shares offered are as follows:

 

About Delhivery Limited

Delhivery was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. Headquartered in Gurgaon, Haryana, it is mainly a supply chain services company that provides services like warehousing, transportation, freight, and other order fulfillment services. Now, Delhivery is India’s largest B2B, B2C, and C2C logistics courier services provider. They have an enviable customer base standing at 21,342 active customers including e-commerce marketplaces, enterprises, and SMEs. In its primary funding round led by Fidelity Management and research company, Delhivery had raised approximately Rs.1995 crore. Delhivery is also all set to receive a $100 million investment from the American giant, FedEx Express in addition to the $227 million funding it had received previously from other investors.  Carlyle Group, which had invested initially in the company in November 2017, is looking to exit its investment by putting up its shares with Rs.920 crore up for the OFS. Lee Fixel, a former partner at Tiger Global invested $125 million through his fund addition, in part through China’s Fosun. Fosun sold 1.32% of their 3.8% stake in the company. After this, the company was valued at $4 billion. According to the DRHP, Carlyle, Times Internet, and Soft Bank are the selling shareholders. 

 

 

Delhivery Limited IPO Details

 

 

Delhivery Limited IPO Size

The public offer of Delhivery comprises a fresh issue of equity shares aggregating up to Rs. 4,000 crores and an offer for sale of equity shares worth Rs. 1,235 cores from existing shareholders.

 

 

Delhivery Limited Key Point 

     Delhivery Limited Strengths

• 1. As of FY21, Delhivery has been hailed as the largest and fastest-growing, fully integrated services player in the country, in terms of revenue
• 2. Delhivery is a team of 474 engineers, data scientists, and product professionals, that have built a proprietary technology system that helps the company in offering services to a wide variety of customers
• 3. Delhivery has a huge data intelligence capability
• 4. Their dynamic network makes it easier for them to respond rapidly to changes in volumes, shipment profiles, and environmental conditions

Delhivery Limited Risks

1. If the company cannot maintain its existing network infrastructure and also grow at a steady pace, it will adversely affect its financials
2. Disruptions to the transportation facilities and logistics will have a material impact on the operations of the business
3. If the company fails to attract and retain skilled workers and there are increases in costs of labor, it will affect the company’s operations and business
4. It is very difficult for the company to not pass on the additional operating expenses incurred by them, to the customers are the industry they function in is highly competitive
 

 

 Delhivery Limited Interesting Facts

1. Delhivery has 20 fully automated sortation centers along with 86 gateways that automate close to 4 million shipments in a day

2. Delhivery has built a very asset-light operation model vis-a-vis its competitors in the logistics space

3. The logistics startup provides delivery for express parcels, payment collections along with fraud detection and product identification

 

 

Delhivery Limited IPO Promoter Holding

SoftBank is the largest shareholder with a 22.78% stake

Carlyle Group owns a 7.42% stake and plans to raise up to INR 920 Cr in the IPO

Founders Sahil Barua, Mohit Tandon, Suraj Saharan and Kapil Bharti hold 6.97% in total

 

Delhivery Limited Financial Summary 

 

 

Delhivery Limited IPO Schedule

 

 

 

 

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