Shiprocket Ltd IPOSHIPROCKET

Initial public offering of 166,761,566 equity shares of face value of Rs. 10 each ("Equity Shares") of Shiprocket Limited ("the Company" or "the Company") for cash at a price of Rs. 97 per equity share (including a share premium of Rs. 87 per equity share) ("Offer Price") aggregating to Rs. 1617.49 Crores comprising a fresh issue of 91,299,203 equity shares of face value of Rs. 10 each aggregating to Rs. 885.5 Crores by the company ("Fresh Issue") and an offer for sale of 75,462,363 equity shares of face value of Rs. 10 each aggregating to Rs. 731.99 Crores ("Offered Shares") by the selling shareholders ("offer for sale", and together with the fresh issue, the "Offer"). The company, in consultation with the brlms, may consider a further issue of specified securities to certain investors, aggregating up to Rs. 220.00 crores, as permitted under applicable law, at its discretion, prior to filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The offer include a reservation of 113,636 equity shares of face value of Rs. 10 each, aggregating to Rs. 1 Crores (constituting up to 0.02% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the brlms, offered a discount of Rs. 9 per equity shares of face value of Rs. 10 each to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 22.92% and 22.90% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 97 per equity share of face value of Rs. 10 each. The floor price is 9.7 times of the face value of the equity shares. Bids can be made for a minimum of 154 equity shares and in multiples of 154 equity shares thereafter. A discount of Rs. 9 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Shiprocket Limited was incorporated as Bigfoot Retail Solutions Private Limited' at New Delhi, as a private limited company, pursuant to a certificate of incorporation dated September 28, 2011, issued by the Registrar of Companies, at New Delhi. The name of Company was changed to Shiprocket Private Limited' dated July 19, 2024. Subsequently, Company was converted to a public limited company and the name was changed to Shiprocket Limited' and a fresh certificate of incorporation dated February 18, 2025 was issued by the RoC. The Company is an e-commerce enablement platform powering direct commerce. Shiprocket helps small businesses, retail brands, direct-to-consumer merchants, and social commerce retailers scale through its technology stack. It runs analytics on behaviour and transactional data and utilise that data for providing marketing or analysis services to its merchants. Apart from this, their business is divided into two main segments: Core Business and Emerging Business. Core Business includes Domestic Shipping platform and Shipping Apps, which provide managed, completed shipping solutions within India. These services offer multi-modal shipping options, AI-driven logistics provider allocation, and tools for order management and data insights. Their Shipping Apps enhance operations like, order tracking, and secure shipments. Emerging Business focuses on new market creation and includes products such as cargo and fulfilment business, cross-border platform, ads and marketing solutions, and others, comprising capital solutions, hyperlocal deliveries and other Merchant solutions within the Emerging Business. Such offerings extend value proposition by enabling Merchants to improve sales and conversion, and scale of business. Company has filed a Draft Prospectus with SEBI and is planning to raise funds through IPO aggregating to Rs 2342.35 crores, comprising a fresh issue of Rs 1100 cr through fresh issue and the offer for sale of Rs 1242.35 crore through offer for sale.