Delhivery IPO - Dominant Player In Express Logistics Segment: ICICI Direct

Delhivery IPO - Dominant Player In Express Logistics Segment: ICICI Direct

Delhivery mega-gateway facility at Tauru, Haryana. (Source: Rishabh Bhatnagar/ BQ Prime)

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ICICI Direct's Report

Delhivery is the largest and fastest growing fully-integrated logistics player in India by revenues.

The company provides a full-range of logistics services which can lead to a higher share of wallet and customer retention.

Delhivery has a diverse base of 23,113 active customers (ex-Spoton) across e-commerce, consumer durables, electronics, lifestyle, fast moving consumer goods, industrial goods, automotive, healthcare and retail products.

Integration with customers’ enterprise resource planning systems and business processes have led to customer stickiness. In the first half of FY22, ~65% of its revenues were from customers who have been transacting with it for over three years.

Strong data processing and analysis and technological capabilities enable it to respond quickly to changes in the operating environment and capture higher market share.

Click on the attachment to read the full IPO report:

ICICI Direct Delhivery IPO Review.pdf
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