Indian e-commerce logistics platform Shiprocket has set the price band for its upcoming initial public offering (IPO) at ₹92 to ₹97 per share, as the company prepares to tap the public markets to fuel its next phase of growth.

At the upper end of the price band, the IPO is expected to raise approximately ₹1,617.5 crore. The offering comprises two components: a fresh issue of shares worth ₹885.5 crore and an Offer for Sale (OFS) amounting to ₹731.9 crore, through which existing shareholders will sell a portion of their holdings.

Shiprocket, operated by Bigship Technologies Pvt. Ltd., provides a technology-driven logistics aggregation platform that enables small and medium-sized e-commerce businesses to manage shipping, fulfillment, and last-mile delivery across multiple courier partners. The company serves a large base of direct-to-consumer (D2C) brands and online sellers in India, a segment that has expanded rapidly as internet penetration and digital payments have deepened across the country. Shiprocket, which achieved unicorn status in 2022, counts Zomato, Temasek, and Bertelsmann India Investments among its prominent backers.

The fresh issue proceeds are typically intended to strengthen the company's balance sheet, invest in technology infrastructure, and support operational expansion, though the specific allocation of funds will be detailed in the company's red herring prospectus (RHP).

The OFS component allows early investors and existing shareholders to partially exit or reduce their stakes through the public offering. The structure of the IPO — combining a fresh issue with secondary share sales — is a common approach for venture-backed startups in India transitioning to public market ownership. Shiprocket's offering is part of a broader wave of Indian technology startups that have pursued public listings in recent years, following companies such as Zomato, Nykaa, and Policybazaar, as India's startup ecosystem matures and capital markets increasingly accommodate new-economy firms.

The IPO subscription dates and other procedural details, including the lot size and allotment schedule, are expected to be announced in accordance with Securities and Exchange Board of India (SEBI) regulations. Retail and other investors will be able to subscribe through registered stockbrokers once the offer opens.

Source: CNBC-TV18 Markets