Delhivery IPO to open for subscriptions on May 11

Bangalore: New-age logistics startup Delhivery’s initial public offering (IPO) will open for subscription on May 11 and close on May 13. ET had reported on May 2 that the Delhivery board had approved the proposal for public listing last week and the company is likely to reduce the issue size to Rs 5,300 crore from Rs 7,460 crore due to challenging market conditions.

The investors of the Gurgaon-based startup include SoftBank, Carlyle, Tiger Global and others.

Delhivery’s IPO is opening for subscription a day after LIC’s share sale window closes.

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