Shiprocket sets ₹92–97 IPO price band, targets ₹1,617.5 crore raise
E-commerce enablement platform Shiprocket plans to raise ₹1,617.5 crore through a ₹885.5 crore fresh issue and ₹731.9 crore offer for sale. Proceeds are earmarked for platform expansion, debt repayment and acquisitions after FY26 revenue rose 24% to ₹2,024.1 crore.
E-commerce enablement platform Shiprocket set its ₹92-97 IPO price band to raise ₹1,617.5 crore. Proceeds will fund platform expansion, debt repayment and acquisitions. FY26 revenue rose 24% to ₹2,024.1 crore while net loss narrowed to ₹79.2 crore.
Why this matters
The pricing follows reports that Shiprocket was targeting a ₹2,342 crore IPO at a ₹7,000 crore valuation, while logistics players have been scaling fleets, dark stores and gig hiring ahead of festive demand.
Retail-company is accelerating, up 164,722% QoQ.