Bengaluru: New-age logistics startup Delhivery’s Initial Public Offering (IPO) will open for subscriptions on May 11 and close on May 13.
ET had reported on May 2 that Delhivery board had cleared the proposal to go for the public listing last week and the company is likely to cut the issue size to Rs 5, 300 crore from Rs 7,460 crore it had planned earlier due to challenging market conditions.
ET had reported on May 2 that Delhivery board had cleared the proposal to go for the public listing last week and the company is likely to cut the issue size to Rs 5, 300 crore from Rs 7,460 crore it had planned earlier due to challenging market conditions.
The Gurgaon-based startup’s investors include SoftBank, Carlyle, Tiger Global and others.
Delhivery’s IPO is opening for subscription a day after the close of LIC’s share sale window.
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