The initial public offering (IPO) of logistics startup Delhivery is likely to open for subscription on May 11 and close on May 13, Moneycontrol reported citing senior bankers. The Gurugram-based startup now plans to raise ₹5,235 crore through the IPO, down from the ₹7,460 crore planned earlier, Moneycontrol added. The offer will reportedly comprise a fresh issue of ₹4,000 crore.