business 🚀 Shiprocket IPO bags massive ₹1,617 crore
Shiprocket Limited successfully raised ₹1617.485 crore through its initial public offering of equity shares. Cyril Amarchand Mangaldas advised the company, while the offering was managed by several top law firms. The IPO was oversubscribed by an impressive 102.28 times when it was conducted. Shiprocket operates as an API-led technology platform supporting e-commerce for MSMEs and Large Retailers in India. The company's growth trajectory is now set to scale further post-IPO.