Shiprocket’s Rs 2,500 Cr IPO Set to Revolutionize India’s eCommerce Logistics Boom!

Temasek-backed eCommerce enabler Shiprocket is gearing up to file its Draft Red Herring Prospectus (DRHP) via SEBI’s confidential route for a public issue of Rs 2,000–2,500 crore. 

 

The IPO will include both a fresh issue and an offer for sale by existing investors, with proceeds aimed at product development, strategic acquisitions, expanding logistics and warehousing, and boosting its technology stack.

 

Shiprocket, which has over 4 lakh merchants and processes 490 million eCommerce transactions annually, has been expanding at a blistering rate-clocking Rs 25,000 crore in GMV and serving 120 million consumers. The confidential filing allows the firm to keep sensitive IPO details private until the later stages, a route recently pursued by other prominent startups. Lead managers include Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities.

 

Source: Economic Times, Inc42, The Week