Delhivery Limited

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:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the Invest in IPO section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

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.

Financial snapshot

Here’s a table highlighting the company's key financial metrics 

Here’s a quick look at Delhivery IPO’s strengths, risks and threats

Strengths

1. Offers a range of logistic services including express parcel delivery as well as heavy goods delivery
2. Deploys new technologies like machine learning and automation to execute operations
3. Collects, structures, stores and processes vast amounts of transaction and environmental data to guide real-time operational decision making
4. Its topline has grown at a CAGR of 48% between FY19 and FY21 
5. Operates 21 fully and semi-automated sortation centres and 82 gateways across India
6. Its shipment volumes have grown at a CAGR of 40% between FY19 and FY21
7. In FY21, it delivered 373,854 tonnes of freight. The tonnes of freight delivered grew at a CAGR of 75% between FY19 and FY21
8. Following the acquisition of Spoton, it became the third-largest part-truckload (PTL) freight player in India. It holds an 8.3% market share in the organised PTL market in India

Risks and threats

1. A history of losses and negative cash flows
2. 99.5% of its trucks and transportation vehicles were leased from third-party fleet partners
3. The rising fuel prices may adversely impact its profitability
4. Its express delivery services, which largely cater to e-commerce customers, accounted for 61% of its revenue from contracts in 9MFY22
5. Major e-commerce players could build or further develop in-house fulfilment capabilities to serve their logistics needs
6. Operates in a highly fragmented industry and faces intense competition
7. Employee attrition rates stood at 40% in the first nine months of FY22

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.

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: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the Invest in IPO section
4. Under the Invest in IPO section, look for the Delhivery IPO tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

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.

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number 

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.