E-commerce enablement platform Shiprocket has diminished the scale of its IPO by almost 31%, with the corporate now searching for to boost as much as Rs 1,617.49 crore.

The provide is considerably smaller than the Rs 2,342.35 crore proposed in Shiprocket’s up to date DRHP filed in December 2025.

The IPO will open for subscription on 12 August and shut on 14 August, whereas bidding by anchor investors will happen on 11 August. The corporate has set a worth band of Rs 92 to Rs 97 per share.

On the higher finish of the value band, Shiprocket’s post-offer market capitalisation could be about Rs 7,057.5 crore.

The IPO contains a recent situation of shares value as much as Rs 885.5 crore and a proposal on the market, or OFS, of as much as Rs 731.99 crore by current shareholders.

LR India Fund I S.a.r.l. SICAV-RAIF is the most important vendor within the present OFS, providing shares value as much as Rs 271.70 crore. Tribe Capital III, LLC – Collection 1 plans to promote shares value as much as Rs 120 crore, whereas MCP3 SPV LLC is providing shares value as much as Rs 55.53 crore.

Different investor promoting shareholders embody Moore Strategic Ventures, LLC, Agility Worldwide Funding L.L.C. and 500 Startups III, L.P.

Gautam Kapoor and Saahil Goel will every provide shares value as much as Rs 61 crore, whereas Vishesh Khurana will promote shares value as much as Rs 20 crore.

Bertelsmann Nederland B.V. and Arvind Restricted, which had been among the many promoting shareholders within the December UDRHP, don’t seem among the many promoting shareholders within the present provide.

Bertelsmann Nederland stays Shiprocket’s largest shareholder earlier than the IPO, with a 21.32% stake. Tribe Capital III LLC – Collection 5 holds 7.75%, whereas Tribe Capital III LLC – Collection 1 owns 6.39%, taking the 2 entities’ mixed holding to 14.14%.

Everlasting Restricted, previously referred to as Zomato Restricted, owns 6.85%, whereas KDT Ventures Holdings, LLC holds 5.49% and MacRitchie Investments Pte. Ltd. owns 5.29%.

The Shiprocket Worker ESOP Belief holds 5.97%, whereas Goel and Kapoor every personal 4.84% earlier than the provide.

Shiprocket plans to make use of the online proceeds from the recent situation to put money into the expansion of its platforms, together with advertising initiatives and expertise infrastructure and capabilities throughout its core and rising companies.

The funds may even be used to repay or prepay sure borrowings, together with accrued curiosity, and to assist inorganic development by way of unidentified acquisitions and common company functions.

Shiprocket won’t obtain any proceeds from the OFS. The proceeds from these shares, after the respective offer-related bills and relevant taxes, will go to the promoting shareholders.

The corporate was included as Bigfoot Retail Options Personal Restricted in September 2011. The Shiprocket model was launched in 2017 because the enterprise expanded its give attention to e-commerce delivery.

Shiprocket operates as an end-to-end, merchant-first and API-led expertise platform designed to allow e-commerce transactions. Its platform covers logistics, checkout, funds, fulfilment and cross-border commerce.

Its core enterprise contains its home delivery platform and delivery apps. Its rising enterprise consists of cargo and fulfilment, cross-border companies, advertisements and advertising options, and different choices.

Income from operations rose about 24% to Rs 2,024.14 crore within the monetary yr ended March 2026, from Rs 1,632.01 crore a yr earlier. Nonetheless, its restated consolidated loss for the yr widened by about 6.4% to Rs 79.25 crore from Rs 74.45 crore in FY25.

As of 31 March 2026, Shiprocket operated 13 leased fulfilment centres throughout 10 cities in India, spanning about 762,826 sq. ft.

The corporate is professionally managed and doesn’t have an identifiable promoter underneath the relevant SEBI rules and the Firms Act.

Axis Capital Restricted, BofA Securities India Restricted, JM Monetary Restricted and Kotak Mahindra Capital Firm Restricted are the book-running lead managers for the IPO, whereas KFin Applied sciences Restricted is the registrar.

Shiprocket’s shares are proposed to be listed on the BSE and NSE, with the NSE designated because the inventory change for the provide.