E-commerce enablement platform Shiprocket has filed an up to date draft pink herring prospectus (UDRHP) with the Securities and Change Board of India (SEBI) for its proposed Rs 2,342.35 crore preliminary public providing (IPO).

The IPO contains a contemporary problem of fairness shares price Rs 1,100 crore and a suggestion on the market (OFS) of shares price Rs 1,242.35 crore by present shareholders, together with buyers and founders.

The Gurugram-based startup had first approached SEBI in Could 2025 by submitting its draft papers by the confidential route, which obtained regulatory observations within the final week of October.

Based in 2012 by Saahil Goel, Gautam Kapoor, Vishesh Khurana and Akshay Ghulati, Shiprocket positions itself as a horizontal e-commerce enablement platform targeted on direct-to-consumer (D2C) and merchant-led on-line commerce.

It presents courier integrations, real-time cargo monitoring and automatic logistics options for retailers promoting by their very own web sites, apps and social media channels.

As per the UDRHP, the OFS will likely be led by Lightrock, which plans to promote shares price Rs 258.49 crore. Arvind Ltd and Tribe Capital will offload shares price Rs 161 crore and Rs 120 crore, respectively. March Capital and Bertelsmann will promote shares price Rs 95 crore and Rs 85.43 crore, respectively.

Different promoting shareholders embrace 500 Startups, Agility International, AFOS Group, Moore Strategic Ventures, and boAt co-founder Sameer Mehta, amongst others. Co-founders Gautam Kapoor and Saahil Goel will every offload shares price Rs 144 crore, whereas Vishesh Khurana will promote shares price Rs 36.93 crore.

Everlasting (previously Zomato) won’t take part within the OFS.

Bertelsmann Nederland is the corporate’s largest shareholder, holding a 21.32% stake. Tribe Capital, Everlasting, and Temasek, by its subsidiary MacRitchie Investments, maintain 14.14%, 6.85%, and 5.29% stakes, respectively. The corporate’s ESOP pool accounts for 8.48% of the shareholding.

Shiprocket plans to deploy Rs 505 crore from the IPO proceeds in the direction of scaling its platforms. This contains Rs 294 crore for advertising and marketing and buyer acquisition and Rs 211 crore for strengthening its know-how infrastructure. One other Rs 210 crore will likely be used for reimbursement of debt.

As of September 2025, the corporate’s complete borrowings stood at Rs 233.8 crore.

The remaining funds will likely be used for inorganic development by acquisitions and for common company functions. The corporate can also take into account a pre-IPO placement of as much as Rs 220 crore as a part of the contemporary problem.

On the monetary entrance, Shiprocket reported a 15% year-on-year improve in working income to Rs 942.7 crore within the six months ended September 2025. Throughout the identical interval, its losses narrowed to Rs 38.3 crore from Rs 42.3 crore a yr earlier.

For FY25, the corporate posted income of Rs 1,632 crore, up 24% from the earlier yr, whereas its internet loss narrowed sharply to Rs 74.4 crore from Rs 595.1 crore in FY24.

The IPO is being managed by Axis Capital, BofA Securities India, JM Monetary and Kotak Mahindra Capital Firm, with KFin Applied sciences appearing because the registrar.