How to check the Delhivery IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around six days after an IPO closes. This is also true in the case of the Delhivery IPO.
The Delhivery IPO’s closing date is 13 May 2022. The Delhivery IPO’s allotment date has been set six days later, on 19 May 2022.
Here’s a step-by-step guide on how to check the Delhivery IPO allotment status:
About Delhivery Limited IPO
In 2011, when the concept of food delivery and e-commerce was gaining roots in India. Against this backdrop, Delhivery reached out to some restaurants in Gurgaon with a proposition to deliver for them. However, the founders of the company quickly realised that there is a bigger opportunity in the e-commerce space. The company pivoted to become a third-party last-mile delivery company, catering to e-commerce players.
Since then, Delhivery hasn’t looked back. Today, it accounts for 22% of all e-commerce volumes in India. As of December 2021, it has covered more than 17,000 pin codes across the country. It has around 11,000 contractors and network partners and a diverse base of more than 23,000 active customers including direct-to-consumer e-tailers and enterprises.
Now, this fastest-growing logistic services company is all set to hit the stock markets. The company is planning to raise money to fund its growth and acquisitions.
The Delhivery IPO will be open for subscription between 11 May 2022 and 13 May 2022.
Here are some key details about the Delhivery IPO.
Here’s a table highlighting the company's key financial metrics
Here’s a quick look at Delhivery IPO’s strengths, risks and threats
Risks and threats
Delhivery IPO details
| Delhivery IPO date
The offer document filed by the company with the SEBI mentions that the Delhivery IPO’s opening date – in other words, the Delhivery IPO launch date – will be on 11 May 2022. The Delhivery IPO closing date is 13 May 2022. After this, investors will be updated about the allotment status on 19 May 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 23 May 2022. The Delhivery IPO listing date is 24 May 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Delhivery IPO price band
The entire IPO is a book-built issue. The Delhivery IPO price band has been set between ₹462 and ₹487 per share. Interested investors can choose a price within this band to apply for the IPO.
Considering that the company's eligible employees receive a discount of ₹25 per share, the Delhivery IPO’s price band for them would only be ₹437 to ₹462 per share. The Delhivery IPO listing price will be determined on 24 May 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Delhivery IPO lot size
The Delhivery IPO details have been declared. The Delhivery IPO lot size is set at 30 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (390 shares). Meanwhile, the Delhivery IPO issue size is ₹5,235 crore.
Delhivery IPO for employees
Employees of Delhivery can apply for the Delhivery IPO on Upstox. In the “Discover” section, there is the “Invest in IPO” category. Under this category, one can find the “Delhivery IPO – Employees” tab.
Delhivery employees will receive ₹25 discount per share. The maximum investment limit for them is ₹2 lakh for the Delhivery IPO on upstox. Also, shares worth around ₹20 crore have been reserved for them. In case of oversubscription, the allotment will take place on a proportionate basis.
How to apply for the Delhivery IPO?
If you are interested in this investment opportunity but unsure how to apply for the Delhivery IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Delhivery IPO on Upstox as an employee:
Open a demat account with Upstox to apply for the Delhivery IPO
To apply for the Delhivery IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Delhivery IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Delhivery IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Delhivery IPO Updates/News
As Delhivery gears up to launch its IPO, the market is rife with news about the logistics and supply chain company and how its offer may pan out. According to reports, the management of the company has stated that the funds from the IPO will be used for acquisitions and other strategic initiatives.
The management is confident that Delhivery is on track to reach the revenue target $1 billion.
Pre-applying for the Delhivery IPO means applying for this public issue before it goes live. Click here and follow these steps to pre-apply for the Delhivery IPO on Upstox.
You can pre-apply for the Delhivery PO from 10 May 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Delhivery IPO on Upstox. You can also download our app. Then click here and follow these steps
The Delhivery IPO launch date is 11 May 2022. The Delhivery IPO will be open for subscription till 13 May 2022.
The Delhivery IPO lot size is 30 shares and the minimum investment required is ₹13,860
The Delhivery IPO price band is ₹462-₹487 per share.
The size of the Delhivery IPO is ₹5,235 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If the shares are allotted, then they will be credited to your demat account on 23 May 2022. Click here and follow the steps to check the allotment status.
Shares of Delhivery Limited will list on BSE and NSE.
The Delhivery Limited listing date is 24 May 2022.