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Delhivery fixes price range for IPO at Rs 462-487 per share

New Delhi, May 5 (PTI) Supply chain company Delhivery has fixed a price range of Rs 462-487 per share for its initial public offering (IPO) of Rs 5,235 crore.

The company said that the IPO will open on May 11 and close on May 13. Bid for anchor investors will open on May 10

The size of the IPO has now been reduced to Rs 5,235 crore from Rs 7,460 crore earlier.

The issue will involve issue of fresh equity shares worth Rs 4,000 crore and offer for sale (OFS) of Rs 1,235 crore by existing shareholders. Under the OFS, investors Carlyle Group and co-founders of SoftBank and Delhivery will sell some of their stake in the logistics company.

This logistics company in the e-commerce sector provides services at 17,045 locations in the country.


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