Delhivery IPO Allotment Status: On Thursday, May 19, it is anticipated that Delhivery will allot its shares as part of its first public offering (IPO), which is valued at Rs 5,235 crore. According to the data provided by the NSE, the total number of bids for the public issue was 10.17 crore shares, which is significantly higher than the 6.25 crore shares that were available for purchase. Read the article to get complete information about the Delhivery IPO Allotment Status.
Delhivery IPO Allotment Status
The price per share varied between 464 and 487 rupees. On May 24, once it has been listed on the BSE and NSE, Delhivery will be in the same league as other companies such as Blue Dart Express, TCI Express, and Mahindra Logistics. On Monday, the trading volume for shares of Delhivery IPO in the grey market was relatively stable.
According to market observers, there was not much excitement among investors over the IPO for Delhivery. Nevertheless, with the help of QIB investors’ subscriptions, the offering was successful and completed successfully. Investors are wary because the company’s losses have increased despite the robust expansion of the company’s revenues.
High valuations and unfavorable market conditions could hamper the initial public offering (IPO) procedure. UnlistedArena.com is a website that deals in Pre-IPO and Unlisted Shares. The allotment and refund administration for the issuer is handled by Link Intime India Private Ltd, a company registered with SEBI.
Delhivery IPO Allotment Date
To view the current allotment status of the company’s shares, visit the website of Link Intime India and use the drop-down menu to choose “Delhivery — IPO.” Mark the box next to either the PAN option, the Application Number option, or the Depository/Client ID option. To complete the process, you will need to enter the captcha code in the provided box and then click the submit button.
Delhivery IPO Allotment Status – Check Online
You might also check the status of your allotment in Delhivery by going to the website of the BSE. Choose “equity” from the drop-down menu for the kind of issuance, and choose “Delhivery” for the issue name. You can use either your PAN or your application number (permanent account number) to identify yourself. Navigate to the search tab and click on it to view the most recent update.
Delhivery IPO Listing Date
The initial public offering (IPO) for Delhivery had a positive response from investors as of its opening on Friday, with bids totaling 10,17,04,080 shares. Investors who were not part of an institution only bought 30 percent of the available shares, whereas buyers who were part of an institution bought 2.66 times as many shares as they were permitted to buy. Individuals have purchased about half of the shares available for purchase by retail investors.
Financials for the Delhivery IPO:
According to the prospectus provided by the firm for the selling of shares, Delhivery has never shown a profit. It incurred a loss of Rs 891.14 crore during the nine months that came to an end in December 2022, and it incurred a loss of Rs 415.7 crore during the subsequent financial year.
The income for the nine months ended in December was Rs 4,911 crore, which is an increase from Rs 3,838 crore for the same period in FY21. The company revealed that its free cash flow was negative in FY21, coming in at 246 crores, a significant decrease from its free cash flow of 848 crores in FY20.
The combined freight, handling, and service costs amounted to 3,480 crore rupees for the first nine months of fiscal year 22. This figure represents an increase from the FY21 total of 2,026 crore rupees.
Delhivery IPO Allotment Status – Important Information
As a result of the lackluster response from investors who aren’t qualified institutional buyers (QIBs), the “grey market” for unlisted shares of the Delhivery IPO is also struggling. The demand for the Delhivery IPO on the grey market has been relatively minimal.
Angel Brokerage reported EBITDA losses of 232 crores and net losses of 891 crores for the 9MFY22 fiscal year. During this period, revenue for Delhivery surged by 82%, and the company anticipates reaching financial neutrality on an EBITDA basis by the end of the fiscal year in 2023.
A decrease in the speed at which e-commerce services are provided in India will negatively affect the company. This is because the company relies heavily on express parcel services, and most of its customers live in India. Only five of the company’s most significant clients contribute to the company’s total revenue, which accounts for 41% of total revenue.
A few of Delhivery’s various capabilities include the delivery of express parcels and heavy commodities, part-trailer-load freight, full-trailer-load freight, warehousing, supply chain solutions, and international express and freight services.
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