Delhivery IPO | Price band set at Rs 462-487 a share; firm valued at Rs 35,283 crore

Delhivery Ltd. has set the price band of its initial public offering at Rs. 462-487 a share, valuing the company at Rs. 35,283 crores at the top end of the band. The firm said its IPO will open for subscription on May 11 and close on May 13. The firm has cut its total issue size to Rs. 5,235 crores from Rs. 7,460 crores planned earlier. It will now raise Rs. 4,000 crores via the fresh issue and Rs. 1,235 crores through the offer for sale (OFS).