Shiprocket to Launch IPO Following SEBI Approval

Logistics and supply chain platform Shiprocket has secured approval from the Securities and Exchange Board of India (SEBI) to initiate its initial public offering (IPO). The market regulator SEBI issued an observation letter to Shiprocket on 31 October 2025, which is reflected in the processing status available on its official website.

Shiprocket’s Plans for IPO

The company pre-filed its Draft Red Herring Prospectus (DRHP) through a confidential method in May 2025. Shiprocket, based in New Delhi, aims to generate approximately Rs 2,500 crore via its IPO. This amount includes a primary issue of Rs 1,200 to 1,400 crore, with the remaining funds being raised through an offer for sale (OFS).

Investor Participation

Notably, prominent investors such as Temasek, Zomato, and Info Edge will not partake in the OFS, which is set to be executed by early investors along with the company’s founders, according to various media reports.

Investment Bankers

The company has engaged Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities as its investment bankers for the IPO process.

About Shiprocket

Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket serves as a logistics and supply chain platform aimed at helping businesses optimise their shipping through courier integration, real-time tracking, and automated solutions. Shiprocket has raised over $320 million up to this point and its current valuation stands at $1.21 billion.

Stakeholders

Sources from startup intelligence platforms indicate that Bertelsmann Nederland B.V. holds the largest stake among external investors, followed by Tribe. Other significant investors in Shiprocket include Zomato, Temasek, LightRock, and PayPal.

Financial Performance

Recently, Shiprocket announced impressive results for FY25, with operating revenue increasing by 24% year on year. The company achieved EBITDA cash positivity at Rs 7 crore, a notable improvement compared to a loss of Rs 128 crore in FY24, while successfully reducing its net loss to Rs 74 crore.