Shiprocket sets IPO price band at ₹92-97; ₹1,618-crore issue to open on Aug 12
ADVERTISEMENT
Temasek, Tribe Capital, Bertelsmann, and Eternal-backed logistics and e-commerce enablement platform Shiprocket has fixed the price band at ₹92-97 per share for its ₹1,617.59-crore initial public offering (IPO). The issue will open for public subscription on August 12 and close on August 14.
The book-built issue comprises a fresh issue of 9.13 crore equity shares aggregating to ₹885.60 crore and an offer for sale (OFS) of 7.55 crore shares worth ₹731.98 crore by existing shareholders.
The allotment of shares is expected to be finalised on August 17, while the stock is likely to be listed on both the BSE and the NSE on August 19.
At the upper end of the price band, retail investors will have to invest a minimum of ₹14,938 for one lot of 154 shares. As per the issue structure, 75% of the issue has been reserved for qualified institutional buyers (QIBs), up to 15% for non-institutional investors (NIIs) and up to 10% for retail investors.
Founded in 2011, Shiprocket is one of India's leading e-commerce enablement platforms, offering logistics, shipping, fulfilment, payments and technology solutions to micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and large retailers. According to a Redseer report cited in the company's draft prospectus, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25.
The company began as a shipping aggregation platform and has since expanded its product suite to include domestic shipping, order management, fulfilment, tracking, secure deliveries, weight verification, and faster cash-on-delivery (COD) settlements, enabling merchants to manage their online businesses through an integrated technology platform.
On the financial front, Shiprocket continued to post strong revenue growth, although it remains loss-making. Total income rose 24% year-on-year to ₹2,077.42 crore in FY26 from ₹1,674.82 crore in FY25. However, the company's consolidated net loss widened marginally to ₹79.25 crore from ₹74.45 crore in the previous financial year.
On the operating front, EBITDA loss narrowed to ₹16.56 crore from ₹17.16 crore, indicating gradual improvement in operating performance. The company's net worth increased to ₹1,524.29 crore as of March 31, 2026, while total borrowings declined slightly to ₹242.01 crore from ₹244.67 crore a year earlier.
Shiprocket plans to utilise the net proceeds from the fresh issue primarily to accelerate business expansion and strengthen its technology platform. Around ₹365.60 crore will be invested in the growth of its platform and business expansion initiatives, while ₹205.80 crore has been earmarked for marketing initiatives across its core and emerging businesses. Another ₹159.80 crore will be deployed towards technology infrastructure and capabilities.
The company will also use ₹210 crore to repay or prepay certain outstanding borrowings, while the remaining proceeds will be used to fund inorganic growth opportunities through acquisitions and for general corporate purposes.