Shiprocket receives SEBI approval for ₹2,500 crore IPO
market hours1 source ↓written by the desknot a recommendation
- ₹2,500 crore IPO
- reflecting
- 21% year-on-year increase
Shiprocket has secured SEBI approval for a ₹2,500 crore IPO, marking its entry into public markets. This comes as the company continues to grow in India's e-commerce logistics sector, with a FY24 revenue of ₹1,316 crore, reflecting a 21% year-on-year increase.
This IPO could enhance liquidity and investor interest in the logistics space, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.