SEBI approves Shiprocket’s Rs.2,500 IPO

SEBI approves Shiprocket’s Rs.2,500 IPO

It signals an improving investor sentiment in the digital commerce and logistics ecosystem

Logistics platform Shiprocket has secured the Securities and Exchange Board of India (SEBI) consent for a Rs.2,500 crore initial public offering (IPO).

The e-commerce platform enables D2C brands and small sellers to operate online. Filing its documents with SEBI confidentially, the company will soon submit its updated draft red herring prospectus (DRHP).

The Gurgaon, Haryana-based company joins a growing list of Indian tech startups gearing up for public listings. The firm's emerging line of businesses includes cross-border shipping, marketing services, and checkout and fulfilment operations.

Backed by Zomato and Temasek, Shiprocket, empowering direct-to-consumer (D2C) brands and small sellers, intends to use the fresh capital for its growing business verticals, which currently contribute 20 percent of its overall revenue. Nearly half of the total issue size will comprise a fresh capital raise.

A source was quoted in a media report, "Some of Shiprocket's larger backers, including Temasek and Zomato, are sitting out of the IPO and not selling shares. The company's founders and a few early investors will be selling their stakes partially.”

For the financial year 2025, Shiprocket reported a 24 percent rise in operating revenue to Rs.1,632 crore, while reducing its net loss to Rs.74 crore from Rs.595 crore in the previous fiscal. Most of its losses were attributed to employee stock ownership plan (ESOP) expenses of Rs.91 crore.

The new figures have marked a positive investor sentiment in the technology and logistics segment.