Quote on Delhivery IPO received SEBI approval for IPO issue size of ₹7,460 By Yash Gupta, Angel One Ltd
Below is quote on Delhivery IPO received SEBI approval for IPO issue size of ₹7,460 By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Long wait of Delhivery IPO over, company to come up with the IPO by the end of the month. Company has received the approval for IPO from SEBI. The total issue size of the IPO will be ₹7,460 crores, which comprises fresh issue of ₹5000 crores and offer for sale of ₹2,450 crores. Delhivery Limited is one of the fastest growing fully integrated logistics companies, having a nationwide network with access to 17000 pin codes and having 21 automated sort centers.
Delhivery Limited is a well placed company for growing ecommerce demand in India, company has more than 21000 customers which includes e-commerce, Direct to home companies etc. On the financial front, the company has reported good growth in revenue but still not able to report a positive bottom line, company has reported revenue of ₹3,838 crores and loss of ₹4,155 crores in FY2021. This will be the first IPO of CY2022.
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