India, Dec. 15 -- Ecommerce-enablement company Shiprocket is gearing up for its INR 2,342.3 Cr IPO, which will pave the way for partial exits for several of its investors.

The company filed its updated draft red herring prospectus (UDRHP) with SEBI last week. The IPO will comprise a fresh issue of up to INR 1,100 Cr and an OFS of up to INR 1,242.3 Cr.

Shiprocket cofounders Gautam Kapoor, Saahil Goel and Vishesh Khurana, along with institutional investors LR India Fund I, Arvind Ltd, Tribe Capital III, MCP3 SPV LLC, and Bertelsmann Nederland B.V., will offload shares via the OFS component of the public offering.

Notably, Bertelsmann is the largest shareholder in the company with a 21.32% stake.

California-based Tribe Capital Management...