SEBI Clears Shiprocket IPO Plan Targeting INR 2,000–2,500 Crore

Overview

• SEBI issued observations on October 31, clearing Shiprocket to move forward with its public issue.
• The planned float is reported at INR 2,000–2,500 crore, including an estimated INR 1,000–1,200 crore fresh issue.
• Founders and early investors are expected to sell a portion of their stakes, while major shareholders such as Zomato and Temasek are reported to be skipping the offer-for-sale.
• FY25 performance showed operating revenue of INR 1,632 crore, a narrowed net loss of about INR 74 crore, and a shift to positive cash EBITDA.
• Shiprocket is piloting a quick‑commerce service in MVP stage that processes roughly 300,000–400,000 deliveries a month across six cities including Delhi, Bengaluru, and Mumbai.