Shiprocket Files for IPO to Raise Rs 1,100 Crore in Fresh Capital
Gurugram-based Shiprocket, a leading provider of shipment and checkout services to direct-to-consumer (D2C) brands, has filed an updated draft red herring prospectus (UDRHP) for a Rs 2,342-crore initial public offering (IPO).
IPO Details
Through the IPO, Shiprocket aims to raise Rs 1,100 crore in fresh capital. Additionally, investors such as Tribec Capital, Arvind Ltd, March Capital, and Bertelsmann will sell shares through the offer-for-sale component. The company's founders, Saahil Goel, Gautam Kapoor, and Vishesh Khurana, will also partially offload their stake in the IPO.
Financial Performance
For the six months ended September, Shiprocket reported an operating revenue of Rs 943 crore, which represents a 15% year-on-year increase. The company's net loss during the period contracted to Rs 38 crore, compared to Rs 42 crore in the same period last year.
Stay updated with the latest news and market trends by subscribing to our ETMarkets WhatsApp channel.