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Shiprocket cuts IPO size 31% as early investors eye gains of up to 78x
Shiprocket cut its IPO size 31% to Rs 1,617.48 crore. Early investor 500 Global could make 77.6X, while late-stage investors including Lightrock may sell below cost. Bertelsmann India Investments, Eternal and Temasek will not participate in the OFS.
Newer report , , Inc42 : Shiprocket jumps 9.3% after Goldman Sachs buys ₹52.7 Cr worth of shares
Reported figures
From the report. Source details below
| IPO size reduced 31% to Rs 1,617.48 crore from | Rs 2,342.35 crore |
|---|---|
| Fresh issue reduced to Rs 885.5 crore from | Rs 1,100 crore |
| OFS reduced to Rs 731.98 crore from | Rs 1,242.35 crore |
| Upper price band: | Rs 97 per share |
| 500 Global estimated return: | 77.6X on Rs 16 crore OFS |
| Tribe Capital estimated return: | 7.7X on Rs 120 crore OFS |
| Lightrock estimated return: | 0.72X on Rs 272 crore OFS |
The source
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