3 weeks ago
Temasek-Backed Shiprocket Fixes ₹92-97 Price Band For ₹1,617.5 Crore IPO
Shiprocket is a company that helps small online shops and brands send their packages to customers in India.
Important investors, including Temasek and Zomato, support the company.
Now Shiprocket wants to raise money by selling small pieces of itself to the public.
This kind of sale is called an IPO.
Shiprocket has announced that each piece will cost between 92 and 97 rupees.
People can buy the pieces starting on August 12, and the sale ends on August 14.
The pieces will then be available on the stock market starting August 19.
Shiprocket will use the money to grow its business, improve its technology, and pay back some loans.
Shiprocket Ltd fixed a price band of Rs 92-97 per share for its Rs 1,617.5 crore IPO.
The IPO will open for subscription on August 12 and close on August 14, with anchor investor bidding on August 11.
The issue comprises a fresh issue of up to Rs 885.50 crore and an Offer For Sale of up to Rs 732 crore.
Shiprocket trimmed the IPO size from the Rs 2,342.3 crore proposed in its December 2025 draft red herring prospectus.
Proceeds will fund marketing, technology infrastructure and debt repayment, with shares proposed to list on the BSE and NSE on August 19.
- Who
- Shiprocket Ltd, a Temasek- and Zomato-backed e-commerce enablement platform, along with selling shareholders Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, Gautam Kapoor, Saahil Goel and Vishesh Khurana.
- What
- Fixed a price band of Rs 92-97 per share for its Rs 1,617.5 crore IPO, comprising a fresh issue of up to Rs 885.50 crore and an Offer For Sale of up to Rs 732 crore.
- Where
- India, with shares proposed to be listed on the BSE and NSE.
- When
- Announced on August 6; subscription runs from August 12 to August 14; listing is scheduled for August 19.
- Why
- To support platform growth through marketing initiatives and technology infrastructure, repay or prepay borrowings, and fund potential acquisitions.
Key facts
- IPO Size
- Rs 1,617.5 crore
- Price Band
- Rs 92-97 per share
- Fresh Issue
- Up to Rs 885.50 crore
- Offer For Sale
- Up to Rs 732 crore
- Subscription Dates
- August 12-14 (anchor bidding August 11)
- Post-Issue Valuation
- Rs 6,739 crore (lower) to Rs 7,058 crore (upper)
- Listing
- BSE and NSE on August 19
- Offer Allocation
- 75% QIB, 15% NII, 10% retail
Sources
Related news
Shiprocket raises ₹727 crore from anchor investors ahead of IPO
Shiprocket Sets ₹92-₹97 IPO Price Band, Opens August 12
Shiprocket Shares Debut 35% Above IPO Price Amid Strong Demand
Shiprocket IPO Opens August 12; GMP Hints 27% Listing Gains
Shiprocket IPO oversubscribed 102 times, listing on August 19
Shiprocket Shares Surge After Strong IPO Debut in India
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
