BENGALURU, May 24 (Reuters) - Shares of Delhivery, an Indian
logistics startup backed by SoftBank Group, rose as
much as 7.6% in their market debut on Tuesday, giving the
company a valuation of 379.60 billion rupees ($4.89 billion).
The Gurugram-based company's services include parcel
transportation, warehousing, cross-border and supply chain
services to more than 23,000 customers, and counts popular
e-commerce sites such as Amazon Inc and Walmart Inc's
Flipkart as its clients.
Delhivery's IPO, trimmed https://bit.ly/3NnkZsK by nearly
30% to 52.35 billion rupees, was subscribed 1.63 times earlier
this month at an offer price set at 487 rupees.
The offering included fresh issue of shares worth up to 40
billion rupees and an offer for sale of shares worth 12.35
billion rupees from existing shareholders, including U.S.
private-equity firm Carlyle Group Inc and Japanese
($1 = 77.5680 Indian rupees)
(Reporting by Rama Venkat in Bengaluru; Editing by Sherry