Logistics and e-commerce enablement startup Shiprocket has filed revised draft papers with market regulator SEBI to raise up to ₹2,342 crore through an initial public offering (IPO). The move brings the Gurugram-based company closer to listing on Indian stock exchanges.
The proposed IPO has two parts. It includes a fresh issue of shares worth up to ₹1,100 crore, which will provide new funds to the company. It also includes an offer for sale (OFS) of shares worth up to ₹1,242 crore, where existing shareholders will sell part of their stake. Shiprocket will not receive any money from the OFS portion.
Some of the company’s early and institutional investors are expected to sell shares in the IPO. These include well-known global investors such as Bertelsmann, Temasek and Tribe Capital, along with certain promoters.
Founded in 2017, Shiprocket offers technology-driven logistics services to online sellers, small businesses and direct-to-consumer (D2C) brands. Its platform helps merchants manage shipping, deliveries, returns and multiple courier partners across India. Over the years, the company has grown by expanding its services and making acquisitions to strengthen its position in the e-commerce supply chain.
The company plans to use the money raised from the fresh issue to upgrade its technology systems, expand its services, boost marketing efforts, and repay or reduce existing debt. Part of the funds may also be used for future acquisitions and general corporate needs.
The revised filing follows an earlier confidential submission to SEBI. Shiprocket’s IPO is expected to attract attention as more technology startups prepare to enter the public markets, even as investors focus on profitability and long-term growth.
Further details such as the IPO launch date, price band and final size will be announced after regulatory approval.
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