Shiprocket IPO Accelerates: ₹2,342 Cr Mix of Fresh Capital & Shareholder Exit

Gurugram-based e-commerce logistics unicorn Shiprocket, backed by Bertelsmann, Temasek, Tribe Capital, and Eternal, advanced its public listing by filing an updated Draft Red Herring Prospectus (UDRHP) with SEBI on December 12, 2025. This follows a confidential DRHP in May and SEBI nod in late October, refining a mixed IPO totaling ₹2,342.3 crore amid narrowing losses and revenue surge.​

IPO Breakdown:

Structure Details: Fresh equity of ₹1,100 crore for expansion; OFS of ₹1,242.3 crore by sellers including Lightrock, Arvind, Tribe Capital, Bertelsmann, Gautam Kapoor, Saahil Goel, and Vishesh Khurana. Pre-IPO placement up to ₹220 crore possible.​

Fund Utilization: ₹505 crore for platforms, ₹210 crore debt repayment (total borrowings ₹233.8 crore as of Sep 2025), plus inorganic growth and corporate needs.​

Financial Momentum: FY25 revenue hit ₹1,632 crore (up 24% YoY), net loss shrank to ₹74.4 crore from ₹595.1 crore; H1 FY26 loss at ₹38.3 crore.​

Book-runners: Axis Capital, BofA Securities, JM Financial, Kotak Mahindra. Listing eyed soon.​

Sources: Moneycontrol, TradingView, Economic Times