Delhivery sets IPO price band at ₹462-487 to raise ₹5,235 cr

The price band for the upcoming IPO of logistics startup Delhivery will be ₹462-487/share, valuing the company at ₹35,283 crore. The IPO will open for subscription between May 11 and 13. It aims to raise ₹4,000 crore via fresh issue of shares and ₹1,235 crore through an offer for sale. Delhivery had earlier planned to raise ₹7,460 crore.