Daily BriefsIndia

India: Delhivery and more

In today’s briefing:

  • Delhivery IPO: Valuation Insights

Delhivery IPO: Valuation Insights

By Arun George

  • Delhivery (1058656D IN) is the largest and fastest-growing 3PL express parcel delivery player in India. It will launch its Rs52.4 billion ($0.7 billion) IPO on 11 May.
  • In Delhivery IPO: Yet to Convincingly Deliver, we noted that the negatives outweigh the positives.  
  • In this note, we look at the valuation metrics. We think that Delhivery is at best fairly valued at the IPO price range. 

Before it’s here, it’s on Smartkarma