India, May 21 -- Logistics unicorn Shiprocket has pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), joining the long list of startups taking the confidential route to file their IPO papers.
In a newspaper advertisement, the company said that it proposes to list its shares, with a face value of INR 10, on the main board of the BSE and the NSE.
Shiprocket declined to comment on Inc42's queries about the size of the IPO and the breakup of fresh issue and offer for sale (OFS).
Earlier this week, ET reported that the unicorn plans to mop up INR 2,000 Cr to INR 2,500 Cr through the IPO. While INR 1,000 Cr to INR 1,200 Cr will be a fresh issue, the remaining would be raised via the OFS....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.