Shiprocket IPO: ₹1,618 Cr Launch Aug 12-14
By Business Desk
Logistics tech firm Shiprocket announces its IPO from August 12-14, aiming to raise ₹1,618 crore with shares priced at ₹92-₹97. Explore key details and growth metrics.
Logistics technology firm Shiprocket is set to launch its Initial Public Offering (IPO) from August 12-14, aiming to raise ₹1,618 crore.
Shares are priced between ₹92 and ₹97 each. The company plans to secure these funds through a combination of new share issuance and existing investor divestment.
Key IPO Details
- IPO Dates: August 12-14
- Share Price: ₹92-₹97 per share
- Funds to Raise: ₹1,618 crore
Shiprocket reported significant growth in the fiscal year 2026. Its overall revenue increased by approximately 25%, driven by strong performances in key segments.
Fiscal Year 2026 Performance
- Overall Revenue Growth: Approximately 25%
- Emerging Businesses Growth: 65% year-on-year
- Advertising and Checkout Segments Growth: Nearly 200%
- Gross Merchandise Value (GMV) on Platform: Around ₹32,000 crore
Since its founding in 2012, Shiprocket has handled over 730 million shipments. The platform has served nearly 150 million shoppers since 2016, extending beyond shipping to facilitate payments and advertising for businesses.
The capital from the IPO is earmarked for several strategic initiatives. These include debt repayment, technological advancements, and various marketing efforts.
Future Plans
- Support 6 crore small businesses in India.
- Digitize 2 crore more Small and Medium-sized Enterprises (SMEs).
- Expand presence in India’s e-commerce landscape.