Shiprocket IPO opens on August 12 with a price band of Rs 92 to Rs 97 per share, and the subscription window will stay open until August 14. The e-commerce shipping platform is looking to raise up to Rs 1,617.49 crore through a fresh issue and an offer for sale, giving retail investors their first chance to own a stake in one of India’s most widely used logistics technology companies.
A smaller offer than planned
Shiprocket has trimmed its public offer by nearly 31% from the Rs 2,342.35 crore proposed in the updated DRHP filed in December 2025. The final offer now stands at Rs 1,617.49 crore, comprising a fresh issue of up to Rs 885.5 crore and an offer for sale of up to Rs 731.99 crore.
Price band, dates and valuation
The company has fixed the price band at Rs 92 to Rs 97 per share, with anchor investor bidding scheduled for August 11. At the upper end of the band, Shiprocket’s post-offer market capitalisation would be around Rs 7,057.5 crore. Shares are proposed to be listed on the BSE and the NSE, with the NSE designated as the stock exchange for the offer.
Read More: ixigo Q1 Profit Jumps 81% to Rs 34 Crore – But Buses, Not Flights, Are the Real Star
Who is selling in the OFS
LR India Fund I is the largest seller in the offer for sale, looking to offload shares worth up to Rs 271.70 crore. Tribe Capital III LLC – Series 1 plans to sell shares worth up to Rs 120 crore, while MCP3 SPV LLC is offering up to Rs 55.53 crore. Other sellers include Moore Strategic Ventures, Agility International Investment and 500 Startups III.
Read More: Paper Boat Maker Hector Beverages Posts Rs 760 Cr Revenue in FY26, Profit Falls 96%
Among the founders, Gautam Kapoor and Saahil Goel will each offer shares worth up to Rs 61 crore, while Vishesh Khurana will sell shares worth up to Rs 20 crore. Bertelsmann Nederland remains the largest shareholder before the IPO with a 21.32% stake, and Eternal Limited, formerly Zomato, owns 6.85%.
From Bigfoot Retail to Shiprocket
Shiprocket was incorporated as Bigfoot Retail Solutions in September 2011, and the Shiprocket brand was launched in 2017 as the business expanded into e-commerce shipping. Today the company operates an end-to-end, merchant-first and API-led platform covering logistics, checkout, payments, fulfilment and cross-border trade, backed by 13 leased fulfilment centres across 10 cities. Revenue from operations rose about 24% to Rs 2,024.14 crore in FY26, from Rs 1,632.01 crore a year earlier, while its restated consolidated loss widened to Rs 79.25 crore.
What the money will fund
Shiprocket plans to use the net proceeds from the fresh issue to invest in platform growth, marketing initiatives and technology infrastructure. A portion will go toward repaying borrowings, with funds also earmarked for inorganic growth through acquisitions and general corporate purposes. The company will not receive any proceeds from the OFS.
What lies ahead
Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital are the book-running lead managers, with KFin Technologies acting as registrar. As the window opens next week, investors will watch the response across retail and institutional segments, followed by the listing on the BSE and NSE. For a company that quietly became the backbone of e-commerce shipping in India, the Dalal Street debut marks the next chapter of its journey.