Shiprocket cuts IPO size, lowers valuation expectations as it readies for Rs 1,618-Cr public issue
The Gurugram-based ecommerce enablement platform has reduced the size of its initial public offering by 31% from Rs 2,342 crore ahead of its market debut on August 12
Shipping company Shiprocket plans to go public on August 12, 2026, with shares priced between ₹92 and ₹97 each. The initial public offering will start on August 12 and close on August 14, with anchor investors bidding on August 11. Each equity share has a face value of ₹10, and the minimum bid lot is 154 shares, requiring investors to invest around ₹14,938 at the higher end of the price range.
Shiprocket is seeking up to ₹16,174.85 million in fresh equity shares and an offer-for-sale of up to ₹7,319.85 million. The company intends to list its shares on both the BSE and NSE, with NSE as the primary exchange. Proceeds from the IPO will be allocated to marketing, technology infrastructure, debt repayment, and potential acquisitions, with at least 75% reserved for qualified institutional buyers.
Non-institutional and retail investors will have limited access to the offering, with a maximum of 15% and 10% respectively. The book-running lead managers for the IPO are Axis Capital, BofA Securities India, JM Financial, and Kotak Mahindra Capital.
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Also reported by 1 other outlet
- Shiprocket IPO: Price band fixed at ₹92-97; issue opens on August 12 thehindubusinessline.com
