Shiprocket to soon file confidential prospectus for Rs 2,000-2,500 crore IPO

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Zomato-backed ecommerce logistics company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/shiprocket” target=”_blank”>Shiprocket is expected to file a draft prospectus with the Securities and Exchange Board of India (Sebi) shortly for its initial public offering ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO), three people in the know told ET.

“Shiprocket’s board has approved the IPO plan and the company is planning to file its papers in a day or two under Sebi’s confidential filing route. It is targeting a size of Rs 2,000-2,500 crore for the issue,” one of the persons said.

The confidential filing mechanism allows companies to delay public disclosures of…



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Shiprocket to soon file confidential prospectus for Rs 2,000-2,500 crore IPO


Zomato-backed ecommerce logistics company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/shiprocket” target=”_blank”>Shiprocket is expected to file a draft prospectus with the Securities and Exchange Board of India (Sebi) shortly for its initial public offering ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO), three people in the know told ET.

“Shiprocket’s board has approved the IPO plan and the company is planning to file its papers in a day or two under Sebi’s confidential filing route. It is targeting a size of Rs 2,000-2,500 crore for the issue,” one of the persons said.

The confidential filing mechanism allows companies to delay public disclosures of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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