Shiprocket files updated IPO papers for ₹2,342cr issue
13 Dec 2025

Shiprocket, a Gurugram-based logistics and shipping platform has filed an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The company, backed by Tribe Capital, Temasek, and Eternal, is looking to raise ₹2,342.3 crore through its initial public offering (IPO).

The proposed IPO will comprise a fresh issue of equity shares worth up to ₹1,100 crore.

Shareholders to offload shares worth ₹1,242.3 crore
Offer details

Along with the fresh issue, the IPO will also include an offer-for-sale by existing shareholders of shares worth up to ₹1,242.3 crore.

The selling shareholders in this offer-for-sale include Lightrock, Arvind, Tribe Capital, Bertelsmann Nederland, Gautam Kapoor, Saahil Goel, and Vishesh Khurana.

Public shareholders own a majority stake of 91.52% in Shiprocket while the remaining 8.48% is held by Shiprocket Employee ESOP Trust.

Shiprocket's financial performance and future plans
Financials

Shiprocket has posted a loss of ₹38.3 crore in the six months ended September 2025, down from a loss of ₹42.3 crore in the year-ago period.

Revenue during this period grew by 15.4% to ₹942.7 crore from ₹817 crore last year.

The company also reported a significantly narrowed fiscal 2025 loss of ₹74.4 crore, down from ₹595.1 crore last year with revenue soaring by 24% to ₹1,632 crore from ₹1,316 crore last year.

Shiprocket's IPO proceeds allocation and merchant bankers
Fund allocation

Shiprocket plans to use ₹505 crore of the IPO proceeds for platform growth and ₹210 crore for debt repayment.

As of September 2025, its total borrowings stood at ₹233.8 crore.

The remaining funds will be used for inorganic growth and general corporate purposes.

Axis Capital, BofA Securities India, JM Financial, and Kotak Mahindra Capital Company are the merchant bankers managing the Shiprocket IPO.