Report
EUR 92.09
For Business Accounts Only
Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.. It also provides value-added services such as e-commerce return services, installation and assembly services and fraud detection. As of Jun 2021 (1Q22), it had 21,342 active customers and had a postal index number (PIN) code reach of 17,045.
We’ve covered various aspects of the deal in our earlier notes,
Delhivery Pre-IPO - Riding the e-commerce boom but not showing clear signs of delivering profits,
Delhivery Pre-IPO - RHP updates - growth remains strong, pricing remains under pressure
Delhivery IPO - Peer comp and thoughts on valuation, and
In this note, we will talk about the demand and trading dynamics.
Delhivery IPO Trading
Delhivery raised around US$680m in its India IPO, the company is backed by a host of financial investors, the largest being Softbank.Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.. It also provides value-added services such as e-commerce return services, installation and assembly services and fraud detection. As of Jun 2021 (1Q22), it had 21,342 active customers and had a postal index number (PIN) code reach of 17,045.
We’ve covered various aspects of the deal in our earlier notes,
Delhivery Pre-IPO - Riding the e-commerce boom but not showing clear signs of delivering profits,
Delhivery Pre-IPO - RHP updates - growth remains strong, pricing remains under pressure
Delhivery IPO - Peer comp and thoughts on valuation, and
In this note, we will talk about the demand and trading dynamics.
Underlying
Delhivery
Provider
Aequitas Research
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Sumeet Singh
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