rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” target=”_blank”>Zomato and Temasek-backed Shiprocket, which helps direct-to-consumer (D2C) brands and small sellers sell online, has received approval from Sebi for its Rs 2,500 crore initial public offering, people aware of the development said.
The company had filed confidentially with Sebi in May, and is expected to file its updated draft red herring prospectus in the coming weeks, one of the persons said.
Nearly half of the company’s issue size will be fresh raise of capital.
Shiprocket did not respond to queries immediately.
Some of Shiprocket’s larger…
