Shiprocket Limited IPO: Logistics and supply chain company Shiprocket is preparing to launch its IPO. For this, the company has submitted its updated Draft Red Herring Prospectus-I (UDRHP-I) with the Securities and Exchange Board of India (SEBI).
The size of ShipRocket’s IPO is Rs 2,342.3 crore. According to the updated DRHP, fresh issues worth Rs 1,100 crore will be issued in the IPO and there will also be an Offer for Sale (OFS), through which existing shareholders will sell shares worth up to Rs 1,242.3 crore. Earlier, the company had submitted draft papers to SEBI through confidential route in May 2025, which was approved in November.
Who will participate in the offer-for-sale?
Earlier, the company had submitted draft papers to SEBI through confidential route in May 2025, which was approved in November. Its major investors are Eternal Limited (formerly Zomato Limited), which holds 6.85 per cent stake, and MacRitchie Investments Pte. Ltd (Temasek), both of which are not participating in the offer-for-sale.
Several early backers and founders will participate in the offer for sale such as Bertelsmann Nederland BV will sell shares worth up to Rs 85.43 crore, while Tribe Capital III, LLC (Series 1) is planning to sell shares worth up to Rs 120 crore, Arvind Limited is going to sell shares worth up to Rs 161 crore.
Other investor selling shareholders include 500 Startups III, LP (up to Rs 27 crore), LR India Fund I Sarl (up to Rs 258.49 crore) and MCP3 SPV LLC (up to Rs 95 crore). Among the individual selling shareholders, founders Sahil Goyal and Gautam Kapoor will sell equity shares worth up to Rs 144 crore each, while Vishesh Khurana will sell shares worth up to Rs 36.93 crore.
The size of the fresh issue may be reduced
The company may consider pre-IPO placement of specified securities up to Rs 220 crore in consultation with its Book Running Lead Managers (BRLMs). If this placement is done before filing the red herring prospectus, the amount raised will be reduced from the fresh issue size.
What does the company do?
Shiprocket operates as an end-to-end merchant-first technology platform that simplifies e-commerce transactions for MSMEs and digital retailers in India. That is, it is a company or platform which provides all types of services and technical solutions for the online operation of a business from beginning to end.
Its operations are divided into two main segments – Core Business, which includes its domestic shipping platform and shipping apps, and Emerging Business, which includes cross-border trade, cargo, fulfillment and checkout solutions. According to Redseer report, Shiprocket is India’s largest new-age end-to-end horizontal e-commerce enablement platform in terms of revenue from operations for financial year 2025.
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