SynopsisShiprocket has announced an IPO price range set between Rs 92 and Rs 97 per share, representing a notable decrease of around thirty percent from its recent funding valuation. Additionally, the company has scaled down its IPO size by nearly thirty percent to Rs 1,617 crore. While early investors like Bertelsmann may enjoy substantial gains, others could experience marked losses.Gurugram-based Shiprocket has fixed a price band of Rs 92-97 per share for its initial public offering (IPO), which will open on August 12. At the upper end of the price band, the company will command a post-money valuation of Rs 7,056 crore, about 30% lower than the roughly Rs 10,000 crore valuation at which it last raised capital in December 2024.ET was the first to report on August 3 that the Temasek-backed ecommerce logistics company wasNow Playing
Shiprocket IPO: Shiprocket's Rs 7,056 crore IPO rewards early backers, dents returns for late-stage investors - The Economic Times
Shiprocket has announced an IPO price range set between Rs 92 and Rs 97 per share, representing a notable decrease of around thirty percent from its recent funding valuation. Additionally, the company has scaled down its IPO size by nearly thirty percent to Rs 1,617 crore. While early investors like Bertelsmann may enjoy substantial gains, others could experience marked losses.
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