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Shiprocket IPO Updates

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Geetanjali Lachke

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Get the latest updates on the Shiprocket IPO, including key details on its DRHP filing, issue structure, and expected listing plans as the company prepares to enter the Indian stock market.

Shiprocket Limited, one of India's leading logistics and supply chain software platforms, has filed its updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The company operates as a digital logistics marketplace that connects e-commerce businesses with logistics partners, facilitating seamless shipment management and delivery solutions across India.

Shiprocket IPO Filing (UDRHP)

Shiprocket Limited filed its updated DRHP with SEBI in December 2025, following an earlier confidential DRHP submission. The updated filing provides new disclosures related to the issue size, offer composition, and intended use of proceeds, as well as updated financials. The Shiprocket IPO filing includes a comprehensive mainboard offering consisting of both a fresh issue and an Offer for Sale (OFS) component. The company's equity shares are proposed to be listed on the NSE and BSE, pending regulatory approvals.

About the Company

Shiprocket Limited is India’s leading digital logistics platform that connects e-commerce sellers with multiple logistics service providers. Shiprocket operates as a Software-as-a-Service (SaaS) marketplace, providing end-to-end shipment management, tracking, and delivery solutions for its clients. The platform services small, medium, and large e-commerce businesses in India, helping streamline logistics through technology.

The company generates revenue from transaction-based fees, subscription services, and value-added logistics offerings. It operates across India, facilitating millions of shipments annually in various product categories, including fashion, electronics, FMCG, and specialty items. Shiprocket’s growth is driven by its broad logistics partner network, technology infrastructure, and its deepening presence in the e-commerce sector.

IPO Objectives

The proceeds from Shiprocket’s IPO are intended to be utilized for the following objectives:

  1. Technology Infrastructure: Significant capital expenditure is planned for the development of technology platforms, enhancing user experience and service quality.

  2. Platform Expansion: Expanding the logistics network and improving operational capacity to support higher transaction volumes and geographies.

  3. Working Capital: Strengthening working capital to support operational scale-up, including logistics hubs, inventory management, and technology systems.

  4. General Corporate Purposes: Funds will also be used for brand building, regulatory compliance, and ensuring financial flexibility.

  5. Strategic Acquisitions: A portion of the funds will be allocated for potential acquisitions or partnerships to strengthen Shiprocket’s position in the logistics technology space.

The offer for sale (OFS) component will enable existing shareholders to partially exit, providing liquidity while maintaining operational stability.

Below is a snapshot of Shiprocket Limited's key financial metrics based on the UDRHP:

The company has demonstrated robust financial growth, with significant improvements in both revenue and profitability over recent years:

Fiscal Year / Period Revenue (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) Key Highlights

FY24

Data as per UDRHP

Data as per UDRHP

Data as per UDRHP

Detailed consolidated financials available in the full UDRHP filing.

FY25

Data as per UDRHP

Data as per UDRHP

Data as per UDRHP

Full audited financial statements in the official prospectus.

*Detailed numbers for consolidated revenue, PAT, EBITDA etc. as per audited financials. Investors should refer to the full annual report for complete financial statements.

Shiprocket IPO Timeline Summary

The IPO journey for Shiprocket Limited is progressing with the following key milestones:

Milestone / Stage Date (or Status) Details

Confidential DRHP filed with SEBI

Earlier in 2025

Confidential Draft Red Herring Prospectus filed via pre-filing mechanism.

SEBI observations received

2025 (Timing TBD)

SEBI provided observations, and amendments are being worked on.

UDRHP filed with SEBI

December 2025

Updated DRHP filed for public disclosure, with detailed financials now public.

SEBI approval for the IPO

Awaited

Regulatory approval expected post-UDRHP review; valid for 12 months.

Red Herring Prospectus (RHP)

Awaited

Final RHP to be filed post-SEBI approval with price band details.

IPO Opening Date

Not yet announced

Dates to be confirmed once SEBI approval is received.

IPO Closing Date

To be announced

Dependent on official notifications from the company and merchant bankers.

Allotment of Shares

To be announced

Allotment expected post-closing after bidding process.

Listing on BSE/NSE (tentative)

To be announced

Listing expected on both exchanges after allotment and regulatory formalities.

Note: Investors should refer to official filings for final IPO dates to learn more about Shiprocket Limited IPO listing details and price, and listing timelines.


Keep yourself updated : Check Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs

When did Shiprocket Limited file its DRHP?

Shiprocket Limited filed its updated Draft Red Herring Prospectus with SEBI in December 2025.

The exact issue size will be determined based on the final price band to be announced in the red herring prospectus.

The IPO will consist of both a fresh issue and an offer for sale by existing shareholders. Exact details will be confirmed after the price discovery process.

The proceeds will be used for technology infrastructure, platform expansion, working capital, strategic acquisitions, and general corporate purposes.

The subscription dates will be announced after receiving SEBI’s final approval.

The listing date will be confirmed after completion of the IPO process, including SEBI approval, bidding, allotment, and regulatory formalities.

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Hi! I’m Geetanjali Lachke
Financial Content Specialist

Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.

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