Delhivery

Delhivery IPO Initiation: Can It Deliver?

Equity Capital Markets
197 Views, 19 Jan 2022 22:19
EXECUTIVE SUMMARY
  • Delhivery (1058656D IN) is the largest and fastest-growing 3PL express parcel delivery player in India by revenue in FY21. It has won SEBI approval to raise up to $1 billion.  
  • The fundamentals are mixed as it has been unable to leverage its leading position and strong growth to deliver profits or cash generation.  
  • Based on the draft red herring prospectus, we are cautious about this potential IPO as the negatives outweigh the positives.  
detail (8-minute read)
WHAT’S TRENDING
logo
Logo
Top 5%
Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start... 

x