Delhivery's Rs 5,235-cr IPO to open on May 11; price band set at Rs 462-487

Logistics company's anchor allotment on May 10 will demonstrate interest among investors for tech startups, say experts.

Logistics start-up Delhivery’s Rs 5,235-crore initial public offering (IPO) will open for subscription on Monday, May 11, and the issue will close on May 13. This will be the second-biggest offering so far this year after the Life Insurance Corporation of India (LIC).

The company’s market value on a post-dilution basis will be Rs 35,284 crore at the upper end of the price band of Rs 462-487 per share. The company is looking to raise Rs 4,000 crore in fresh capital through the IPO. The remaining Rs 1,235 crore will be an offer for sale (OFS) by private equity majors