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Shiprocket Confidentially Files for ₹2,500 Crore IPO on BSE and NSE

The logistics and e-commerce platform plans to use proceeds for tech development, acquisitions, and infrastructure expansion as it transitions to a full-stack D2C enabler.

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Overview

  • Shiprocket has confidentially submitted its draft red herring prospectus (DRHP) to SEBI for its proposed IPO, targeting ₹2,000–2,500 crore.
  • The company has appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America as lead managers for the offering.
  • Proceeds are expected to support product development, strategic acquisitions, logistics and warehousing expansion, and technology enhancements.
  • The platform, backed by Temasek and Zomato, has evolved from a shipping aggregator to a comprehensive e-commerce enabler for D2C brands and MSMEs.
  • Shiprocket reduced its cash EBITDA burn by 50% in FY24 and achieved profitability in the first two quarters of FY25, signaling financial stability ahead of its public listing.