Shiprocket files confidential draft papers for Rs 2,500 crore IPO: report

Ecommerce enablement platform Shiprocket has filed a confidential draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO), according to media reports, citing the newspaper advertisement released by the company.

According to earlier reports, the Gurugram-based platform plans to raise between Rs 2,000 crore and Rs 2,500 crore (approximately $233–$292 million) through the issue, which will include both a fresh issue of shares worth Rs 1,000–Rs 1,200 crore and an offer for sale (OFS) component by existing investors.

Backed by Zomato and Temasek

Shiprocket counts Zomato, Temasek, and Lightrock India among its prominent backers. The company has grown into a vital logistics layer for India’s burgeoning direct-to-consumer (D2C) ecommerce sector. Originally launched as a shipping aggregator, Shiprocket now offers a full-stack ecommerce enablement platform that supports D2C brands and MSMEs with logistics, warehousing, technology tools, and AI-powered automation.

The IPO will help fuel Shiprocket’s expansion plans, including product development, tech upgrades, potential acquisitions, and the scaling of logistics and warehousing capabilities.

Advisors and market strategy

To steer the public market debut, Shiprocket has reportedly appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America as its book-running lead managers.

The startup  joins a growing list of Indian tech startups preparing for market listings in 2025–26, amid cautiously optimistic investor sentiment and increasing scrutiny of revenue growth and profitability. Shiprocket’s filing via the confidential route aligns with new SEBI norms that allow companies to test IPO readiness before making their draft prospectus public.