E-commerce logistics platform Shiprocket opens its Rs. 1,617.5-cr. IPO today, August 12. The price band has been fixed at Rs. 92–97 per share, with the issue remaining open until August 14. Ahead of the public issue, the company raised approximately Rs. 727.41 cr. from anchor investors, indicating strong institutional interest.
The issue consists of a fresh issue of around Rs. 885.5 cr. and an offer for sale of roughly Rs. 732 cr. Shiprocket plans to deploy funds towards technology, marketing, acquisitions and working capital. The company is entering the market at a time when India’s e-commerce and logistics ecosystem continues to expand.
