Shiprocket IPO, Open Date, Issue Size, Price Band and DRHP Filed

Shiprocket, India's leading e-commerce logistics and shipping solutions provider, is preparing for its much-anticipated Initial Public Offering (IPO). As one of the prominent players in the rapidly growing Indian logistics sector, Shiprocket's public debut has generated significant interest among retail and institutional investors alike.

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Shiprocket IPO Date

Current Status: Pre-DRHP Filed with SEBI

Shiprocket has taken the formal step toward going public by filing a pre-DRHP (pre-Draft Red Herring Prospectus) with SEBI under Regulation 59C (5) of the ICDR Regulations. This confidential filing approach allows the company flexibility in disclosing offer details during the early review process.

Expected Timeline: While specific dates haven't been announced, the IPO process typically takes 4-6 months after regulatory approvals. The company has indicated its intention to list on both BSE and NSE mainboards.

Key Dates to Watch

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Shiprocket IPO Size

Target IPO Size: Rs 2,000-2,500 Crores (as per media reports)

According to ET reports, Shiprocket is planning to raise between Rs 2,000-2,500 crores through its public offering. The company hasn't officially confirmed these figures in its public notices.

Expected Structure:

· Fresh Issue: Rs 1,000-1,200 crores for business expansion

· Offer for Sale (OFS): Rs 1,000-1,300 crores for existing shareholders

Shiprocket IPO DRHP Filing

Filing Status: Pre-DRHP Filed ✓

Shiprocket has filed a pre-DRHP with SEBI under Regulation 59C (5) of the ICDR Regulations, marking its formal entry into the IPO process. The filing was made under Chapter IIA, which allows for confidential submissions.

Filing Details:

· Regulatory Framework: Filed under ICDR Regulations Chapter IIA

· Confidential Route: Allows delayed public disclosure of financials and offers details

· Legal Entity: Incorporated as Bigfoot Retail Solutions Private Limited

· Share Face Value: Rs 10 per share

· Proposed Listing: BSE and NSE mainboards

Shiprocket IPO Price Band

Price Band: To be announced after public DRHP filing

While Shiprocket hasn't disclosed the exact price band, the IPO size estimates suggest the company is targeting a significant valuation. The final price will be determined through a book-building process and institutional investor feedback.

About Shiprocket

Founded in 2017 by Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor, Shiprocket has emerged as India's leading logistics technology aggregator. The company, legally incorporated as Bigfoot Retail Solutions and headquartered in Delhi NCR, serves as a comprehensive shipping and fulfilment platform for direct-to-consumer (D2C) brands and independent merchants.

Business Highlights:

· Market Position: Logistics unicorn achieving the coveted $1 billion valuation in 2022

· Service Coverage: End-to-end shipping and fulfillment solutions

· Primary Revenue: 70-80% of revenues come from D2C brands and independent merchants

· Courier Network: Partners with 17 major logistics providers, including Delhivery, FedEx, Aramex, Xpressbees, DTDC, and Shadowfax

· Client Base: Serves over 100,000 sellers across India

Financial Performance

FY24 Financial Highlights:

Shiprocket recent financial performance shows strong revenue growth but increasing losses, a common pattern among growing tech companies.

Revenue Performance:

· FY24 Operating Revenue: Rs 1,316 crores

· FY23 Operating Revenue: Rs 1,089 crores

· Year-on-Year Growth: 20.8% increase

Profitability Concerns:

· FY24 Net Loss: Rs 595 crores

· FY23 Net Loss: Rs 341 crores

· Loss Increase: 74.4% widening of losses

Conclusion

Shiprocket IPO has become one of the bigger stories in India's tech and logistics space heading into 2025. The company filed DRHP confidentially with SEBI, so we're still waiting on the price range and exact launch date, but given their growth trajectory and investor backing, this Listing should draw serious attention from both retail and institutional players.

What makes this interesting is Shiprocket's expansion beyond basic logistics into warehousing and payments, plus they've got some solid names behind them as investors. The company has been growing fast, though like most tech IPOs these days, profitability remains a question mark. Stay tuned for further updates as Shiprocket moves closer to its public market debut.

Also Read:

• What is IPO?
• What is IPO GMP?
• How to Track Upcoming IPOs
• Why Companies Choose to Go Public and Launch IPOs