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Zomato and Temasek-backed Shiprocket plans to raise ₹2,000–2,400 crore through its IPO.
Confidential IPO Filing: Shiprocket has confidentially submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) under the pre-filing route, signaling its intention to go public.
IPO Size and Structure: The company aims to raise between ₹2,000 crore and ₹2,400 crore through the IPO, which is expected to comprise a mix of fresh issue and offer for sale (OFS) components.
Backed by Prominent Investors: Shiprocket is supported by notable investors, including Zomato and Temasek, enhancing its credibility in the market.
Investment Banks Appointed: The company has engaged Axis Capital, Kotak Mahindra Capital, JM Financial, and BofA Securities as the investment banks managing the IPO process.
Company Overview: Shiprocket is a logistics technology platform that provides shipping and fulfillment services to direct-to-consumer (D2C) brands and small online sellers, facilitating e-commerce operations.
Regulatory Compliance: In preparation for the IPO, Shiprocket's board approved a resolution to convert the company into a public entity in January 2025, aligning with regulatory requirements.
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