INSUBCONTINENT EXCLUSIVE:
Illustration: Binay Sinha3 min read Last Updated : Sep 13 2024 | 11:50 PM IST
Logistics firm Delhivery has alleged that its IPO-bound
These numbers relate to metrics such as shipment volumes, Service Ebitda, and cost per shipment, it said.
SoftBank-backed Delhivery,
which is already listed, said its information was incorrectly used for comparison in the DRHP.
Ecom Express said it had shipped 514.41
million shipments in FY24, while Delhivery handled 740 million packages during the period.
However, in a filing to the stock exchanges on
Friday, Delhivery alleged that this comparison was flawed
comment on the issue.
Delhivery said that the Service Ebitda calculation is not like-to-like
It said that CPS comparison is problematic on several counts.
For instance, per-shipment metrics hugely vary depending on shipment
shipments, thereby overstating volumes and understating CPS
services in 27,000 pin codes
However, Delhivery highlighted that as per Government of India, there are 19,300 unique pin codes in the country
The company, which is backed by Warburg Pincus, Partners Group, and British International Investment, plans to raise Rs 2,600 crore via its
It filed the DRHP with capital markets regulator Securities and Exchange Board of India (Sebi) on August 15.
The IPO will consist of a
fresh issue of shares worth up to Rs 1,285 crore while existing investors will offload shares aggregating to Rs 1,316 crore.The allegations>
Express said it had shipped 514.41 mn shipments in FY24, while Delhivery handled 740 mn packages during the same period
several countsFirst Published: Sep 13 2024 | 7:03 PMIST
