As part of the offering, fresh equity shares valued at ₹1,000 crore to ₹1,200 crore will be issued. The equity shares are planned to be listed on both the BSE and NSE.
Though the price band and minimum bid lot have not yet been decided, they will be finalised once discussions with lead managers are completed.
The company is supported by top investors like Zomato, Temasek, Info Edge Ventures, PayPal, Bertelsmann India Investments, Lightrock, and March Capital.
Shiprocket finalised lead managers for IPO
Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America have been appointed as the lead managers for the IPO process.
The final price band and minimum bid lot will be determined in consultation with the book-running lead managers.
Shiprocket IPO funds raised
According to sources, the company has decided to utilise money for the company’s purpose, such as IPO proceeds would be towards production development, tech upgrades, acquisitions, and logistics and warehousing expansion.
Shiprocket about us
Shiprocket is one of the top companies for providing a wide range of shipping, fulfillment, and fulfillment, and marketing solutions, especially for SMEs, DAC retailers, and social commerce players in India.
Moreover, it was founded in 2012 by Saahil Goel and Gautam Kapoor. It supports shipping operations in over 24,000 pin codes throughout India and provides services to 220 countries worldwide.
As per CNBC TV 18, addressing market uncertainties, in a chat with CNBC-TV18 on Young Turks Reloaded podcast, Saahil Goel, MD & CEO, Shiprocket, said, If you build a strong and sustainable business, outside pressures to make questionable decisions have much less impact.
Financial Report of Shiprocket
The revenue has a good increment of ₹1,316 crore for the fiscal year 2023-24. This growth has a 21% increment in comparison to the previous year. However, the net loss grew to ₹595 crore, up from ₹341 crore in the previous financial year.
