Shiprocket Secures SEBI Go-Ahead for IPO Targeting Rs 2,000–2,500 Crore

Overview

• SEBI issued observations on October 31, a step treated as regulatory clearance for the public issue.
• The company is aiming to raise about Rs 2,000–2,500 crore, including a fresh issue estimated at Rs 1,000–1,200 crore, according to reports.
• An updated draft red herring prospectus is expected to be filed in the coming weeks following Shiprocket’s confidential pre-filing in May.
• FY25 results showed operating revenue up 24% to Rs 1,632 crore, a sharply narrower net loss of about Rs 74 crore, and a turn to positive cash EBITDA, with remaining loss largely tied to non-cash ESOP costs.
• Large shareholders such as Zomato and Temasek are expected not to sell in the offer for sale, while founders and early investors may partially exit, per reported plans.