In today’s briefing:
- Delhivery IPO: Valuation Insights
Delhivery IPO: Valuation Insights
- 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