Delhivery Limited — Others, 07-02-2025: Monitoring Agency Report

Delhivery Limited has released its Monitoring Agency Report for the quarter ended December 31, 2024, prepared by Axis Bank. The report confirms that there were no deviations in the utilization of the IPO proceeds as outlined in the offer document. The total IPO proceeds were ₹38,863.03 million, with ₹29,546.23 million utilized for various initiatives, including organic and inorganic growth. The remaining unutilized funds have been temporarily invested in fixed deposits, earning interest.

This report may positively influence investor sentiment by indicating effective management of IPO proceeds and a controlled approach to funding growth initiatives. Furthermore, the clear alignment with the original objectives suggests stability and strategic focus for the company’s future.