CAM, Khaitan, SAM, Latham act on Shiprocket ₹1,617 crore IPO

Shiprocket Limited has raised ₹1617.485 crore from an initial public offering of equity shares, comprising a fresh issue and an offer for sale.

Cyril Amarchand Mangaldas advised Shiprocket as well as individual shareholders Saahil Goel, Gautam Kapoor and Vishesh Khurana on this IPO.

The transaction team which advised the Company included Yash J. Ashar (Senior Partner), Aashima Johur (Partner), Mihir Mathur (Principal Associate), Rishi Nandkeolyar (Senior Associate), Associates Kanika Bhakhna, Abhinav Singh Chauhan and Shvabh Chakarwarti.

The team advising Individual Selling Shareholders comprised Vishal Yaduvanshi (Partner, Regional Co-Head - Capital Markets - North), Amitpal Singh (Partner) and Ritvik Maheswari (Associate).

Bharath Reddy (Partner), with assistance from Aarav Prasad (Associate) assisted in drafting the ESOP scheme of the Company and related advisory.

Khaitan & Co advised the Selling Shareholders namely - Tribe Capital III, LLC – Series 1, LR India Fund I SICAV-RAIF, AFOS LLC, Agility International Investment, MCP3 SPV and 500 Startups III, L.P., on this IPO.

The transaction team consisted of Gautham Srinivas (Partner), Vaibhav Mittal (Partner), Sanjeev Chowdhary (Principal Associate), Associates Mainak Pani and Sarvesh Sharma.

Avinash Gautam (Senior Associate) provided support.

Shardul Amarchand Mangaldas & Co and Latham & Watkins advised the book running lead managers, Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited, on this IPO.

Shiprocket is an end-to-end, new age, merchant-first, and API-led technology platform designed to enable e-commerce transactions for India’s MSMEs and Large Retailers.

The Offer was oversubscribed 102.28 times.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.