Shiprocket draws Goldman Sachs, HDFC MF, SBI MF and others to Rs 727 crore anchor round ahead of IPO

Through its maiden public issue, the company seeks to raise Rs 1,617.48 crore from the markets.

According to a stock exchange filing, Shiprocket allotted 7.50 crore (74,991,568) equity shares to multiple domestic and global anchor investors at Rs 97 apiece, the upper end of its IPO price band. The allocation raised Rs 727.41 crore.

Of the total 74,991,568 equity shares allocated to anchor investors, 50,062,456 shares, or 66.76% of the total allocation, were allotted to 13 domestic mutual funds through 31 schemes.

Another 5,341,534 equity shares, or 7.12% of the total anchor allocation, were allotted to life insurance companies and pension funds.

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Some of the notable investors participating in the anchor book included SBI Innovative Opportunities Fund, HDFC Mutual Fund, Nippon India Small Cap Fund, Kotak Pioneer Fund, Nomura Funds Ireland, Ashoka WhiteOak Emerging Markets Equity Fund, Goldman Sachs India Equity Portfolio, Mirae Asset, UTI Small Cap Fund and Motilal Oswal Large Cap Fund.

About Shiprocket IPO

The Shiprocket IPO comprises a fresh issue of 9.13 crore equity shares worth Rs 885.50 crore and an offer for sale (OFS) of 7.55 crore shares aggregating Rs 731.98 crore.The IPO has a price band of Rs 92-97 per share. The lot size is 154 shares, with investors able to bid for a minimum of 154 shares and in multiples thereof. At the upper price band, the minimum investment required for a retail investor is Rs 14,938 for 154 shares.

The IPO will remain open for subscription until August 14, 2026. The allotment is expected to be finalised on August 17, while the shares are expected to list on the NSE and BSE on August 19.

KFin Technologies is the registrar to the issue, while Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers.

The company will not receive any proceeds from offer for sale and it will be given to selling shareholders. However, the company intends to use the IPO proceeds for investments in the growth of Shiprocket’s platforms, marketing initiatives primarily for its Emerging Business and Core Business, technology infrastructure and capabilities for these businesses, and repayment or prepayment, in full or in part, of certain borrowings, including accrued interest.

The proceeds will also be used to fund inorganic growth through unidentified acquisitions and for general corporate purposes.

About Shiprocket

Incorporated in 2011, Shiprocket is an Indian e-commerce enablement company that provides technology-driven solutions to help micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and large retailers manage and grow their online and offline businesses. According to the Redseer Report, Shiprocket was India’s largest new-age end-to-end e-commerce enablement platform by revenue in FY25.

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