Shiprocket Sets ₹1,618 Crore IPO for August 12

Shiprocket will open its ₹1,617.5-crore initial public offering on August 12, with a ₹92-₹97 price band, as the e-commerce enablement company seeks a public-market valuation of up to ₹7,056 crore.

The issue comprises a fresh issue of up to ₹885.5 crore and an offer for sale of up to ₹731.9 crore by existing shareholders, according to the IPO details reported by Economic Times. The company’s investor-relations material describes Shiprocket as a technology platform serving India’s MSMEs and large retailers across logistics, checkout, payments, fulfilment and cross-border trade.

The IPO will be open from August 12 to August 14, with listing planned on the BSE and NSE on August 19, according to the supplied issue schedule. Anchor investor bidding is scheduled for August 11.

At the upper price band, the issue values Shiprocket at ₹7,056 crore. That represents a substantial reduction from the valuation reported for its December 2024 private funding round, making pricing one of the key differences between the offer and the company’s earlier private-market valuation.

Shiprocket’s financial performance has improved sharply from the losses recorded in FY24, although the company remained loss-making. Its net loss fell from ₹595.18 crore in FY24 to ₹74.45 crore in FY25, while revenue from operations rose to ₹1,632 crore in FY25, according to financial data compiled from the company’s prospectus.

The latest figures cited in the supplied report show total income rising to ₹2,077.42 crore in FY26, while net loss increased to ₹79.25 crore from ₹74.45 crore in FY25. The FY26 figures could not be independently verified through a primary filing in the sources available for this report and are therefore attributed to the supplied report.

Shiprocket plans to use fresh-issue proceeds for investments in marketing and technology across its core and emerging businesses, repayment or prepayment of borrowings, potential acquisitions and general corporate purposes. Its earlier prospectus also identified marketing, technology infrastructure and business expansion as uses of IPO proceeds.

The offer also contains an offer-for-sale component, allowing existing investors and founders to sell shares. Earlier prospectus filings identified investors including LR India Fund, Tribe Capital, Bertelsmann and founders Saahil Goel, Gautam Kapoor and Vishesh Khurana among shareholders participating in the OFS.

Shiprocket was incorporated in 2011 as Bigfoot Retail Solutions Private Limited and later changed its name before becoming a public limited company in 2025, according to its updated draft prospectus. The company’s platform has since expanded from shipping aggregation into broader e-commerce enablement.

The company has also attracted strategic and financial investors. Eternal, formerly Zomato, disclosed its acquisition of a 7.89 per cent stake in Shiprocket in 2021, while Shiprocket’s prospectus records investments from several institutional shareholders.

The IPO comes after Shiprocket substantially reduced the size of the proposed issue from the ₹2,342.35 crore offer outlined in its December 2025 updated draft prospectus. That earlier proposal comprised a ₹1,100-crore fresh issue and a ₹1,242.35-crore OFS.

The IPO will test investor appetite for a large, professionally managed technology platform that has grown revenue while remaining loss-making. The next scheduled milestone is anchor bidding on August 11, followed by public subscription from August 12.