Flipkart-backed truck aggregator Blackbuck files for IPO, to raise ₹550 crore

Blackbuck IPO: The public issue of the online trucking platform includes an offer for sale (OFS) of 21.6 million shares by existing shareholders.

Updated on: Jul 8, 2024, 15:35:48 IST

By HT News Desk

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Flipkart-backed Blackbuck filed draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for a ₹550-crore initial public offering (IPO). The public issue of the online trucking platform includes an offer for sale (OFS) of 21.6 million shares by existing shareholders.

Blackbuck IPO: The public issue of the online trucking platform includes an offer for sale (OFS) of 21.6 million shares by existing shareholders.

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The DRHP showed Accel Partners will divest 24.2% of the total OFS -5,232,632 equity shares, Quickroutes International will offload 3,973,898 equity shares, International Finance Corporation and Tiger Global will sell 3,973,898 and 1,711,962 shares, respectively.

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Flipkart-backed truck aggregator Blackbuck files for IPO, to raise ₹550 crore

Blackbuck IPO: The public issue of the online trucking platform includes an offer for sale (OFS) of 21.6 million shares by existing shareholders.

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