Shiprocket IPO: Sebi approves Rs 2,500 crore initial public offering, says report; check details

Zomato and Temasek-backed logistics platform Shiprocket has received approval from the Securities and Exchange Board of India (Sebi) for its Rs 2,500 crore initial public offering (IPO).The company, which enables direct-to-consumer (D2C) brands and small sellers to operate online, had filed confidentially with Sebi in May and is expected to submit its updated draft red herring prospectus in the coming weeks.According to an ET report, nearly half of the total issue size will comprise a fresh capital raise.“Some of Shiprocket’s larger backers including Temasek and Zomato are sitting out of the IPO and not selling shares. The company's founders and a few early investors will be selling stakes partially,” a person familiar with the matter was quoted as saying by ET, who requested anonymity as details remain private.The Gurugram-based company plans to use the fresh capital to strengthen its emerging business verticals, which currently contribute about 20% of its overall revenue.For the financial year 2025, Shiprocket reported a 24% rise in operating revenue to Rs 1,632 crore, while reducing its net loss to Rs 74 crore from Rs 595 crore in the previous fiscal. The company attributed most of its losses to employee stock ownership plan (ESOP) expenses of Rs 91 crore, ET reported.The firm's emerging line of businesses include cross-border shipping, marketing services, and checkout and fulfilment operations.With Sebi’s clearance, Shiprocket now joins a growing list of Indian tech startups gearing up for public listings, signalling improving investor sentiment in the digital commerce and logistics ecosystem.