Shiprocket IPO To Open On August 12, Issue Size Cut To ₹1,617 Cr
Logistics major Shiprocket has filed the RHP to raise ₹1,617 Cr (about $170 Mn) via its IPO, a 30% reduction…
Logistics platform Shiprocket has reduced the size of its IPO from ₹2,342.3 Cr to ₹1,617 Cr ahead of its debut on August 12. The company plans to issue equity shares worth up to ₹885.5 Cr and offers for sale totaling up to ₹732 Cr. Shiprocket's co-founders, Saahil Goel, Gautam Kapoor, and Vishesh Khurana, will decrease their holdings as part of the OFS, with Goel and Kapoor selling shares worth ₹61 Cr each and Khurana selling shares worth ₹20 Cr.
The IPO price band is set at ₹92-97 per share, valuing the company at approximately ₹7,000 Cr. The funding will primarily be used for technology infrastructure, marketing, acquisitions, debt repayment, and general corporate purposes. Shiprocket, founded in 2017, began as a logistics aggregation service and has since evolved into a comprehensive ecommerce enablement company.
Its FY26 operating revenue increased by 24% to ₹2,024 Cr, while net loss widened by 6% to ₹79.2 Cr. The IPO arrives as new-age tech IPOs are gaining traction, despite some players postponing their public offerings.
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