Logistics firm Shiprocket to raise Rs 2,500 Cr for its IPO
The IPO is likely to be a mix of fresh issue and an offer for sale by existing shareholders, as Temasek-backed Shiprocket aims to raise around Rs 2,000–2,500 crore.
Gurugram-based ecommerce enablement platform is expected to file confidential draft papers with the stock markets regulator Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO), sources said.
The IPO is likely to be a mix of fresh issue and an offer for sale by existing shareholders, as the Temasek-backed logistics company aims to raise around Rs 2,000–2,500 crore. The confidential filing route would allow Shiprocket to keep details of its draft red herring prospectus (DRHP) private until a later stage in the regulatory process.
The company is expected to use the proceeds from the fresh issue for product development, technology upgrades, possible acquisitions, and expansion of its logistics and warehousing capabilities.
Shiprocket, however, declined to comment on the development.
The logistics company, which counts Temasek and Zomato among its investors, began as a shipping aggregator and has since broadened its offerings to support direct-to-consumer brands and small businesses.
Recently, Shiprocket launched India's first AI-integrated model context protocol server, marking a significant step in autonomous digital commerce. The server allows AI agents to directly handle key operations from checking shipping rates to tracking orders using a single line of instruction, the company said in a statement.
The innovation is targeted at D2C brands and MSMEs, promising faster execution, seamless integration, and hands-free operations with enterprise-grade security. With this rollout, Shiprocket aims to shift from manual processes to fully autonomous commerce infrastructure, it added.
(With additional information from PTI.)