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Shiprocket targets ₹7,057 crore valuation after trimming IPO to ₹1,617 crore

Shiprocket set a ₹92-₹97 IPO price band, targeting a ₹7,057 crore valuation after cutting its total offer to ₹1,617 crore. The e-commerce logistics firm provides shipping, fulfillment and cross-border solutions for online merchants.

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

  • $741.75 million valuation
  • ₹2,342 crore previously planned offer size
  • ₹1,100 crore previously planned fresh issue
  • ₹732 crore offer-for-sale
  • ₹1,242 crore previously planned offer-for-sale
  • ₹272 crore LR India Fund share sale
  • ₹120 crore Tribe Capital share sale
  • ₹142 crore co-founders' share sale

Other figures

  • ₹886 crore fresh issue

The source

Source Read the source at The Hindu BusinessLine

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