Shiprocket targets ₹7,057 crore valuation after trimming IPO to ₹1,617 crore
The e-commerce logistics platform has set a ₹92–₹97 price band and cut its planned IPO by 31%, with the fresh issue reduced to ₹886 crore and the offer-for-sale to ₹732 crore.
Shiprocket set a ₹92-₹97 IPO price band, targeting a ₹7,057 crore valuation after cutting its total offer to ₹1,617 crore. The e-commerce logistics firm provides shipping, fulfillment and cross-border solutions for online merchants.
Why this matters
Shiprocket’s revised IPO follows recent signals that it would open a ₹1,617.5 crore issue on August 12 and had set a ₹92–₹97 price band; the latest update confirms the 31% size cut and ₹7,057 crore valuation target.
Retail-company signals are accelerating by 165,344% QoQ.