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Business

Shiprockets IPO to open on August 12

hellohimachalse@gmail.com 07 Aug 2026 1 hour ago

Mumbai: Shiprocket Limited, shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on August 12. The Price Band of the Offer has been fixed at Rs92 to Rs97 per Equity Share of face value Rs10 each.

Bids can be made for a minimum of 154 Equity Shares of face value Rs10 each and in multiples of 154 Equity Shares of face value Rs10 each thereafter. The Anchor Investor Bidding Date shall be Tuesday, August 11. The Bid/Offer shall open on August 12.

The total offer size of equity shares with face value of Rs10 each aggregating up to Rs16,174.85 million, comprises of a fresh issue of equity shares aggregating up to Rs8,855.00 million and an Offer for sale of equity shares aggregating up to Rs7,319.85 million.

Talking to Bizz Buzz, Saahil Goel, Managing Director and Chief Executive Officer, Shiprocket Limited said, “The company proposes to utilize the net proceeds from the fresh issue towards Investment in the growth of the Shiprocket’s platforms by way of investment in marketing initiatives primarily for its Emerging Business and for its Core Business; for investment in technology infrastructure and capabilities primarily for its Emerging Business and for its Core Business; Repayment / prepayment, in full or in part, of certain borrowings availed of by the Company including payment of the interest accrued thereon; and Funding inorganic growth through unidentified acquisitions and general corporate purposes.”

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE and NSE and together with BSE. For the purpose of the Offer, NSE is the Designated Stock Exchange. Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers to the issue.

Further, 5 per cent of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received at or above the Net Offer Price.

All Bidders are required to mandatorily utilise the Application Supported by Blocked Amount process by providing details of their respective ASBA accounts and UPI ID, in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Net Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Net Offer through the ASBA process.

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