MUMBAI: Temasek, Bertelsmann, Tribe Capital and Eternal-backed Shiprocket has fixed the price band for its Rs1,617.5-crore initial public offering (IPO) at Rs 92-97 per share. Investors can bid for a minimum of 154 equity shares and in multiples thereafter.
The public issue will open for subscription on August 12 and close on August 14, while the anchor investor portion will open on August 11.
At the upper end of the price band, the IPO is expected to raise Rs1,617.5 crore through a combination of a fresh issue worth Rs 885.5 crore and an offer for sale (OFS) of Rs731.9 crore by existing shareholders.
Shiprocket has also reduced the size of its IPO from the proposed Rs 2,342.3 crore outlined in its updated draft red herring prospectus (DRHP) filed in December 2025.
The earlier issue comprised a fresh issue of Rs 1,100 crore and an OFS of Rs 1,242.3 crore. The company, which filed its IPO papers through the confidential route, received SEBI approval in November 2025.
As told to our newsman Sachin Murdeshwar The OFS includes stake sales by investors Lightrock, Tribe Capital, Moore Strategic Ventures and Agility International Investment, along with individual shareholders Gautam Kapoor, Saahil Goel and Vishesh Khurana.
The basis of allotment is expected to be finalised on August 17, while the company’s shares are likely to list on the stock exchanges on August 19.The company has also reserved shares worth up to Rs1 crore for eligible employees, who may receive the shares at a discount to the final issue price.
Bertelsmann is Shiprocket’s largest shareholder with a 21.32% stake, followed by Tribe Capital (14.14%), Eternal (6.85%), KDT Venture Holdings (5.49%) and Temasek-backed MacRitchie Investments (5.29%).
Shiprocket operates a technology-driven e-commerce enablement platform that offers logistics, checkout, payments, financing, fulfilment and cross-border commerce solutions for MSMEs and large retailers.
The company plans to utilise Rs 365.6 crore from the fresh issue proceeds to expand its core and emerging business platforms. Another Rs 210 crore will be used to repay debt, against outstanding borrowings of Rs 244.5 crore as of July 10, 2026. The remaining proceeds will be used for inorganic growth opportunities and general corporate purposes.
On the financial front, Shiprocket reported a net loss of Rs 79.2 crore in FY26, compared with Rs 74.4 crore in FY25. However, the loss has narrowed significantly from Rs 595.1 crore reported in FY24.
Revenue continued to grow at a healthy pace, rising 24% year-on-year to Rs 2,024.1 crore in FY26, after a similar 24% growth in FY25.
Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the issue.