Delhivery Limited IPO Message Board (Page 6)

Compare with Bluedart this stock should not have fair value more than 200 rs. It priced the issue when market condition was good thinking to get subscription. Now high change it will have to extend dates .retailer should not get trap in such loss making overvalued company when there is sale in secondary market.

When was the last time Dilip Davda Sir last rated "Avoid"? 🤔

Sure flop. Save your money for another day.

He has given for ethos ipo...
So your wish is fulfilled

Guaranteed negative listing with regards to the present market situation. Be very choosy with IPOs

Assets increased, adding new clients, PAT will increase soon these are the pros but this is right time to launch this IPO. Many are sticked in RAINBOW, many will stuck in LIC so In my view only high risk appetizers can go for it.

ARunArun I think you have not checked sales of Paytm but what is the use when it is in losses. Sales does not matter if the profits cant be generated. Morever Bluedart is owning its own fleet,logistic unlike Delhivery which has on lease. Go and check the interview of it's management which itself does not have confidence . Are you doing any business .if yes, what will you be after Sales or Profits. It's offcourse profits. When Paytm, zomato with many years with increased sales have not been able to
generate profits. If u r so confident about the company please go ahead and subscribe as much as u can in HNI and help the company with subscription.

Turnover with Bluedart is almost same but Bluedart has been always in profits. With almost similar sales and losses u think it deserve double the market cap of Bluedart. It's a joke.

Funny part is investors opt not to invest in a stock but the mutual fund in which they have invested invests in same stock. Obviously price movement will impact the NAV. Wonder how many read mutual fund portfolio and their holdings?

Even with growth plans it does not deserve market cap of more than Bluedart .I would value it even less than Bluedart. Now suppose even if I take good growth plans for a loss making company still value of stock price should not be more than 250 rs to reach same valuation as Bluedart. It clearly shows just like Paytm Softbank is looking at exit with similar valuation. Hope people realise this is another Paytm like valuation .

Greetings Investors! 'Delhivery' - To Apply or Not To Apply, that is the question? Isn't it always with most of the IPOs?

Fortunately, the answer is much simpler this time around as the company is valued insanely high, operates in a highly commoditized market offering no moat or operational advantage whatsoever, has razor thin margins which have a tendency to even turn negative at times courtesy the oil prices, has cost elements and overheads which do go haywire and are beyond control at times, and has largely been a loss making enterprise since its inception.

If we have to draw parallels, this is the 'WeWork' of the Indian logistics space, a loss making company with insane valuations surviving solely on the private funding game carrying the false moniker of a startup. We would rather be the IWG and not the WeWork of the logistics world and hence, would not be investing in this IPO, not now and not in the future. For those willing to take risks, there is gambling with higher chances of making better money. This gentlemen, is pure garbage which should be better left for the likes of Kotak, Morgan Stanley etc.

Best Wishes & Happy Investing!

Comparing Delhivery to WeWork is preposterous. India's WeWork would probably be Oyo. Delhivery has a sound business model and is the largest e-commerce logistics company alongside Flipkart's Ekart and Amazon's ATS. Obviously it is burning cash to expand its network and offerings - that's what private companies do after raising funds. And that's what an investor like SoftBank expects its investee companies to do in order to capture market share and achieve scale.

Delhivery would have been profitable by now if that was its sole focus, but instead it has decided to build capabilities in non-ecommerce segments over the last few years and reduce its income dependency (read risk) on its top e-commerce clients. That has led to increased capex. Its revenue from freight and supply chain services have grown significantly over the last couple of years. Its recent tieup with FedEx should boost its international ops.

Rising fuel cost is both a risk and an opportunity. It can lead to higher expenses which can be mitigated by raising its take rates. On the other hand, it should see a shift in the logistics sector - unorganized to organized. Some of the industry estimates on this shift looks very promising for organized players like Delhivery.

This can be a great long term buy under Rs. 400.

@forsenCD We urge you not to shoot blanks in the dark and back up your talk with facts and figures. Its very apt and certainly not preposterous by any means to term Delhivery as the WeWork experiment of the Indian logistics world; an experiment which could only take place in India and no other mature market. If anything, its the valuations which can be termed preposterous in this case. The promoter-shareholders were able to peddle this farce so convincingly being very well aware that the Indian capital markets aren't mature enough to understand the business well off to its basics.

Much like how WeWork experimented with peddling against the likes of IWG and several others but had to back out as their data exposed them, Delhivery, with the backing of the same investor group were able to pull this off very well knowing the juvenile nature of the Indian markets and its lethargic regulatory framework. The same investor group was publicly shamed and made to pull back from the WeWork experiment here in the US since the markets here are as mature as one can ever find, the investor community very well informed & educated, and the legislative and regulatory framework very stringent. Its not commonly that a company cancels its IPO and loses over 90% of its valuation overnight.

Delhivery can be a profitable business and there is no doubting that but to say that they are more than the sum total of all the other players combined when they really bring nothing new to the table can only be termed laughable at best. You mention Amazon but do you really think the two - Delhivery and Amazon are even remotely comparable? Amazon is an innovator, introducing the Indian market to the concept of 24 hour nationwide delivery. Their entire logistics and especially the warehouse management system is industry gold standard. What single bit of innovation has Delhivery got to showcase? Terming themselves asset light and a completely organised market player in the same sentence doesn't give out very convincing signals to people having deep understanding of this business.

We would love to know the specific industry reports you are referring to draw your conclusions. To add, how can raising charges in response to rising fuel prices be termed a step to mitigate losses? Its more of a compulsion rather than mitigation unless all one wants to do is burn investor cash. And how should rising prices see a shift in the market composition from unorganised to organised players? If anything, it would throw opportunities for new local and smaller players with leaner operations to enter and provide more compelling offerings.

This can be a great long term buy under 400 for sure. 399 is under 400, as is 3.99.

Same softbank which exited in paytm is looking at exit here with hefty expensive valuation . Do not apply whatsoever maybe this stock will follow similar pattern of paytm and will reach below 150 rs.

NEW IPO PRADEEP PHOSPHATE
17 april to 19 april

MAY*

It's a loss making very expensive issue. Decide urself if you want to get trapped

Shares worth approximately 1050 Cr (10% retail +10% hni) will be available to buy on listing and in order to gain any listing momentum, There should be huge buyers in this bleeding market. After lic is listed nicely Market is going to go bonkers. Nifty will test 15500 and that'll make this Delhivery share price half of the issue price.
It's a cartrade story ,lot of promises with nothing to backup. Moral of the story, you are left with half of what you invesed.

Bonus shares issued in September 2021 9:1...
Over the last issue share price of 1890/-
The company valued itself to 189/- per share just 7 months ago....
Now asking for 487/- share...
EPS is going down.
Anchor book names looks lucrative but in this red market... it's asking for too much. Plus the name of softbank itself send chills down my spine.
I want to see what micracles would the 4000cr fresh issue brings in this company.
And why would the promoters sell if the company is so confident to do a turnaround soon. It's a sweet trap.

Apply at personal risk/reward limit.

I will not be applying here, no matter how the subscriptions are, in any category. Size is big here and mostly subscriptions will be lesser in all categories, as per company financials and market conditions.
Definitely no for HNI applications in my opinion (until 5-15% risk/loss may not affect you much with your expected allotments in HNI), and if someone wants to take little risk, thinking about good revenue growth here and optimistic about turnaround in profits in future etc, then can try in retail with 1 lot only. Rest decide as per your thinking/funds/risks/time-horizon etc.

The company has positive cash flow, which is the only good thing.

Market conditions are too bad. That alone will overshadow any good thing.

In recent past I had good experience with Delhivery, i received my parcel quickly (4 Days) as compared to India Post or any other network.

I had good experience with Zomato whenever I placed an order with them. But the problem is that my experience with a company can not be basis for investment in that company. That depends upon many factors.

kotak and morgan stanley were LM in rainbow, cartrade and paytm.
Here also they are back.

Buy Delivery on next economic boom, may be after 5 years if it survives that period.

After seeing todays market, who will apply in this loss making company?
Delhivery is asking a valution which is more than the combined valuation of all listed top logistic companies including Bluedart, TCI etc. Better to invest in top logistic company directly.

Grey market trading in discount

This company has never come in profit. It is asking for market cap of 35000 crore which is combined market cap of all profitable companies like bluedart,Mahindra logistics. It's the most expensive loss making company. Do not apply

This IPO is a BIG avoid for me. I was not able to sleep last night after seeing its valuations. Most probably it’ll go Paytm way.

What about today, it may come in dreams too.. 😅😅
Wait till last day 1 pm. See how is the josh.