New Delhi, Dec. 13 -- E-commerce platform Shiprocket, backed by Temasek, has submitted updated draft papers to the markets regulator, Sebi, to raise Rs.2,342 crore via its initial public offering (IPO).

The public issue comprises a fresh issue of equity shares worth up to Rs.1,100 crore, along with an offer for sale of Rs.1,242.3 crore by the selling shareholders, as per the updated draft red herring prospectus (UDRHP).

Lightrock, Tribe Capital, Bertelsmann, Arvind Ltd, Gautam Kapoor, Saahil Goel, and Vishesh Khurana will be diluting their stakes as part of the offer for sale.

Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the public issue. The shares are propo...