Shiprocket Limited prepares for its market debut on the BSE and NSE, with an issue size of over ₹16,000 million and a focus on expanding its logistics platform amid improving financials.
Shiprocket Limited will open its initial public offering on August 12 and close it on August 14, setting a price band of ₹92 to ₹97 per share as the e-commerce logistics company moves towards a market debut on the BSE and NSE. Anchor investor bidding is due on August 11, and NSE will be the primary exchange, according to the company’s prospectus details reported by The Hindu BusinessLine.
The issue is sized at ₹16,174.85 million and combines a fresh issue of shares worth up to ₹8,855 million with an offer for sale of up to ₹7,319.85 million. Retail investors will need to apply for at least 154 shares, which means an investment of about ₹14,938 at the top end of the band. The offer reserves 75% of the net issue for qualified institutional buyers, 15% for non-institutional investors and 10% for retail applicants.
Proceeds from the fresh issue are set to support marketing for its core and newer businesses, technology upgrades, repayment or prepayment of borrowings, and unidentified acquisitions, alongside general corporate purposes. The company has also set aside an employee reservation of up to ₹10 million, with a discount of as much as ₹9 a share, subject to regulatory approval. Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital are the book-running lead managers.
Shiprocket enters the market as a widely backed logistics platform with a business spanning domestic shipping, fulfilment and cross-border services. Industry summaries note that the company works across more than 24,000 pin codes and 220 countries and territories, serving more than 250,000 sellers. Those same summaries say revenue rose in FY25 and losses narrowed sharply, suggesting the company is approaching a more stable financial footing as it seeks public investors.
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