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Shiprocket files confidential draft papers for Rs 2,500 crore IPO: report

  • Shiprocket has filed a confidential draft red herring prospectus with SEBI for its proposed IPO to raise Rs 2,000-2,500 crore.
  • The IPO includes both fresh issue of shares and an offer for sale component by existing investors.
  • Backed by Zomato and Temasek, Shiprocket offers ecommerce enablement services and plans to use the IPO funds for expansion.
  • To facilitate the IPO, Shiprocket has appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America as its lead managers.

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