Delhivery IPO
Subscription dates: 11th May - 13th May 22

Better Avoid

12-May 22

 Delhivery is a largest & fastest growing full logistics services provider. 
 Provides services of - express parcel deliver, heavy goods, PTL freight, TL freight, warehousing, supply     chain solutions, cross-border express, freight services & supply chain software. 
 Additionally offers services like e-commerce returns, payment collection & processing, installation &   assembly services

The company is the largest in terms of revenue growth & it has increased from Rs.1654 cr in 2019 to Rs. 3647 cr. in 2021 the company is making losses. 

My View: 
With high valuations and financials not intact the IPO issue is not looking attractive even listing gain.

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Kalyani Wadnere
Full time Trader Investor & Trainer in stock market