E-commerce logistics platform Shiprocket will open its IPO on August 12. The company has reduced the issue size to around Rs. 1,617.48 cr., with a price band of Rs. 92–97 per share. The offering will close on August 14.
The issue combines a fresh issue of around Rs. 885.50 cr. with an offer for sale of nearly Rs. 731.98 cr. Shiprocket operates in the fast-growing e-commerce fulfilment and logistics ecosystem, making its IPO an important one for investors tracking India’s digital-commerce infrastructure.
