Ecommerce enablement platform Shiprocket Limited has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO). The total issue size aggregates up to Rs 2,342.3 crore.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,100 crore and an offer for sale (OFS) of up to Rs 1,242.3 crore by existing selling shareholders. The face value of each equity share is Rs 10. Advertisement

Major investors, Eternal Limited (formerly Zomato Limited), which holds a 6.85% stake, and MacRitchie Investments Pte. Ltd (Temasek) are not participating in the offer for sale.

The Offer for Sale will see participation from several early backers and founders. Bertelsmann Nederland B.V. will o

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