Shiprocket sets IPO price band at ₹92–97 per share
E-commerce enablement and logistics platform Shiprocket has fixed its IPO price band at ₹92–97 per share, advancing its planned market debut. Backers include Bertelsmann, Temasek, Tribe Capital and Eternal.
Indian e-commerce enablement and logistics platform Shiprocket has fixed its IPO price band at ₹92-97 per share. The company is backed by Bertelsmann, Temasek, Tribe Capital and Eternal.
Why this matters
The price band follows recent signals that Shiprocket targeted a ₹1,617.5 crore raise and was reportedly weighing a ₹2,342 crore IPO at a ₹7,000 crore valuation, moving its IPO preparations from reported plans to terms.
Retail-company signals are accelerating, up +164844% QoQ.