Delhivery has announced the Monitoring Agency Report by Axis Bank Limited for the quarter ended September 30, 2025. The report confirms that there were no deviations from the objects stated in the offer document for the IPO proceeds utilization. The total amount utilized for general corporate purposes is ₹8,863.03 million.
Monitoring Agency’s Key Findings
For the quarter ending September 30, 2025, Axis Bank Limited, the monitoring agency, has issued its report on Delhivery’s utilization of IPO proceeds. The report confirms adherence to the intended use of funds as outlined in the offer document. There were no deviations observed in the allocation of capital.
Utilization of IPO Proceeds
As per the report, the following amounts have been utilized across different objectives:
- Building scale in existing business lines and developing new adjacent business lines: ₹1,600.00 million
- Expending network infrastructure: ₹13,600.00 million
- Upgrading and improving proprietary logistics operating system: ₹4,800.00 million
- Funding inorganic growth: ₹911.16 million
- General corporate purposes: ₹8,863.03 million
The total IPO proceeds utilized till September 30, 2025, amount to ₹29,774.19 million.
Deployment of Unutilized Proceeds
The unutilized proceeds are invested in fixed deposits with various banks, including HDFC Bank and State Bank of India, with maturity dates ranging from December 2025 to June 2027. The total amount invested is ₹5,761.58 million, earning returns between 7.40% and 7.50%.
General Corporate Purpose
An amount of ₹8,863.03 million has been utilized for general corporate purposes, fully utilizing the allocated funds as per the offer document.
Source: BSE
