3 weeks ago
Shiprocket raises ₹727 crore from anchor investors ahead of IPO
Shiprocket is a company that helps small and big shops in India send their products to customers.
It is like a helper for online shopping.
The company wants money to grow, so it is selling pieces of itself to people.
This is called an IPO.
Before the IPO, big investors gave the company ₹727 crore.
The company gave them shares for ₹97 each.
Regular people can also buy shares starting on August 12, 2026.
Each share costs between ₹92 and ₹97.
The company will use the money to advertise, improve its technology, pay back loans, and maybe buy other companies.
Shiprocket raised ₹727.41 crore from anchor investors, allocating 7.5 crore equity shares at ₹97 per share, the upper end of its IPO price band.
The IPO opens for public subscription on Wednesday, August 12, 2026, aiming to raise up to ₹1,617 crore through a fresh issue and an offer for sale (OFS).
Anchor investors included the New York State Teachers Retirement System (managed by Goldman Sachs Asset Management), Nomura Funds Ireland, Societe Generale, ICICI Prudential Life Insurance, Tata AIA Life Insurance, and Axis Max Life Insurance.
Multiple mutual funds participated, including SBI, HDFC, Nippon India, Kotak Mahindra, Mirae Asset, UTI, Motilal Oswal, and Bandhan, while OFS sellers include Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, and co-founders Gautam Kapoor, Saahil Goel, and Vishesh Khurana.
The issue has a price band of ₹92-97 per share, reserves 75% for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors, with proceeds earmarked for marketing, technology infrastructure, debt repayment, and potential acquisitions.
- Who
- Shiprocket, an e-commerce enablement platform for India's MSMEs and large retailers, along with existing shareholders including Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, and co-founders Gautam Kapoor, Saahil Goel, and Vishesh Khurana.
- What
- Shiprocket raised ₹727.41 crore from anchor investors and is launching its IPO to raise up to ₹1,617 crore via a fresh issue and an offer for sale.
- Where
- India, where Shiprocket operates as the largest new-age, end-to-end horizontal e-commerce enablement platform by revenue from operations for fiscal 2026, according to the Redseer Report.
- When
- The anchor allocation was completed ahead of the IPO, which opens for public subscription on Wednesday, August 12, 2026.
- Why
- To invest in marketing initiatives, strengthen technology infrastructure, repay or prepay borrowings, pursue potential acquisitions, and meet general corporate purposes.
Key facts
- Anchor investment
- ₹727.41 crore
- Anchor shares
- 7.5 crore equity shares at ₹97 per share
- IPO opens
- August 12, 2026
- IPO size
- Up to ₹1,617 crore (fresh issue + OFS)
- Price band
- ₹92-97 per share
- Lot size
- 154 shares; minimum retail investment ₹14,938 at ₹97
- Share allocation
- 75% QIBs, 15% NIIs, 10% retail
- Book-running lead managers
- Axis Capital, BofA Securities India, JM Financial, Kotak Mahindra Capital Company
Sources
Related news
Shiprocket Sets ₹92-₹97 IPO Price Band, Opens August 12
Temasek-Backed Shiprocket Fixes ₹92-97 Price Band For ₹1,617.5 Crore IPO
Shiprocket IPO Opens August 12; GMP Hints 27% Listing Gains
Shiprocket Shares Debut 35% Above IPO Price Amid Strong Demand
Shiprocket IPO oversubscribed 102 times, listing on August 19
Shiprocket IPO Opens with Mixed Brokerage Views on Subscription
Bank of America Vice President Killed in Times Square Stabbing
Times Square Stabbing Leaves One Dead; Suspect Had Ominous Posts
Social Media Posts Preceded Fatal Times Square Stabbing Rampage
Times Square Stabbing Kills Bank Executive as Police Shoot Suspect
Beyond Nvidia, power and cooling firms benefit from data-centre boom
