Shiprocket Files Updated DRHP for ₹2,342 Crore IPO
E-commerce logistics platform Shiprocket has filed an updated draft red herring prospectus with the Securities and Exchange Board of India for its proposed initial public offering worth ₹2,342.3 crore. The filing brings the Gurugram-based company closer to a public listing, as it seeks to tap capital markets amid continued growth in India’s digital commerce ecosystem.
IPO Structure and Offer Details
The proposed IPO consists of a fresh issue of equity shares worth up to ₹1,100 crore, along with an offer for sale of shares valued at ₹1,242.3 crore by existing shareholders. Proceeds from the fresh issue are expected to be used for funding growth initiatives, strengthening technology platforms, expanding logistics infrastructure, and meeting general corporate expenses. The offer for sale will allow early investors to partially monetise their holdings.
Business Profile and Market Position
Founded in 2017, Shiprocket provides end-to-end logistics and technology solutions to online sellers and direct-to-consumer brands, including shipping, fulfilment, warehousing, and analytics services. The company serves a large base of small and medium enterprises across India and has positioned itself as a key enabler in the country’s expanding e-commerce supply chain.
Shiprocket is backed by several global and domestic investors and has seen steady growth alongside rising online retail adoption. Details such as the IPO price band, lot size, and launch timeline will be announced after regulatory approvals are secured.
