India ·
Shiprocket’s ₹7,056cr IPO prices Lightrock, McKinsey and Moore Strategic out of their cost basis, 30% below its 2024 round
Lightrock, McKinsey (via AFOS) and Moore Strategic Partners are each selling part of their Shiprocket stakes in the logistics-tech firm’s ₹731.98 crore OFS tranche at estimated returns of just 0.72x, 0.59x and 0.67x respectively, as the ₹7,056 crore IPO priced roughly 30% below the company’s December 2024 private valuation of near ₹10,000 crore.
Source: Business Standard ↗
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