Shiprocket, the logistics tech startup backed by Zomato and Temasek, has taken its first formal step toward an IPO by confidentially filing a draft red herring prospectus (DRHP) with Sebi under the regulator’s pre-filing route.
The proposed IPO is estimated to be in the range of Rs 2,000–2,500 crore, according to an earlier report by ET. This will comprise a fresh issue worth Rs 1,000–1,200 crore, while the rest will be an offer for sale by existing shareholders. Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America are advising the company on the issue.
Comments
Post a Comment