Shiprocket sets ₹92–97 IPO band for ₹1,617-crore issue opening August 12
E-commerce logistics platform Shiprocket’s IPO includes a ₹885.5-crore fresh issue and ₹731.99-crore offer for sale. Fresh proceeds are earmarked for marketing, technology infrastructure, debt repayment and potential acquisitions.
Indian e-commerce logistics firm Shiprocket will open its ₹1,617.485-crore IPO on August 12, priced at ₹92-97 per share. Fresh proceeds will fund marketing, technology infrastructure, debt repayment and potential acquisitions, supporting its core and emerging businesses.
Why this matters
The price band follows Shiprocket’s recent ₹1,618-crore IPO plans, which highlighted merchant-software revenue growth and expansion in merchant logistics.
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