Delhivery raises Rs 2,347 cr from 64 anchor investors ahead of Rs 5,235 cr IPO
India's largest 3PL express parcel player secured anchor commitments from SBI, HDFC, Baillie Gifford, Goldman Sachs and Tiger Global at Rs 487 before its public issue opening May 11. Price band Rs 462-487, revenue up 82% but net loss of Rs 891 cr in 9MFY22.
What happened
Logistics firm Delhivery raised Rs 2,347 cr from 64 anchor investors ahead of its Rs 5,235 cr IPO opening May 11, priced Rs 462-487. As India's largest 3PL
Key facts
- Rs 2,347 cr anchor raise
- 64 anchor investors
- Rs 487 anchor price
- Rs 5,235 cr issue
- price band Rs 462-487
- lot size 30 shares
- fresh issue Rs 4,000 cr
- OFS Rs 1,235 cr
- net loss Rs 891 cr 9MFY22
- revenue up 82%
Why this matters
As India's largest 3PL express parcel player raises capital at scale, expect Delhivery to pursue acquisitions and network consolidation, raising the strategic bar for smaller logistics targets and potential partners.
What to watch
- Retail portion subscription ratio at close
- Broader IPO market tone (LIC issue overlap draining liquidity)
- E-commerce parcel volume growth data for Q1FY23
- 30/90-day anchor lock-in expiry selling pressure
- Fuel cost and margin trajectory in first post-IPO results
- Watch QIB and HNI subscription multiples on May 11-13 for demand depth beyond anchors
- Monitor grey market premium (GMP) trajectory into listing day
- Track competitor positioning: Ecom Express, XpressBees, Amazon/Flipkart in-house logistics response
- Assess post-listing path-to-profitability commentary and Spoton integration synergies