BIG IPO News: Zomato-Backed Shiprocket Files DRHP To Raise Rs 2500 Crore Via IPO; All You Need To Know

IPO Update: E-commerce enabled platform Shiprocket has filed draft papers with stock market regulator Securities and Exchange Board of India (SEBI), reported news agency PTI on Wednesday. The e-commerce unicorn, backedby Temasek and Zomato, is planning to raise Rs 2500 crore via IPO. The company has filed IPO papers through a confidential pre-filing route.

What is Confidential DRHP Filing For IPO?

Filing draft red herring prospectus (DRHP) via confidential pre-filing route allows the company to avoid public disclosure of details under the draft red herring prospectus (DRHP) until later stages.

In a public notice on Wednesday, Shiprocket Ltd said it has filed "the pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges under the -- ICDR (Issue of Capital and Disclosure Requirements) Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".

About Shiprocket IPO

Shiprocket IPO will consist of a fresh share sale worth Rs 1,000-1200 crore. The company has roped in several investment banks, including Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America.

Shiprocket IPO: Utilisation of IPO Funds

The funds raised via the IPO process will be used by Shiprocket for production development, tech upgrades, acquisitions, and expanding logistics and warehousing, reported CNBC TV-18, citing sources.

Shiprocket's Business Review

The company's operating revenue increased by 21% annually to Rs 1316 crore in the financial year 2023-24, according to CNBC TV-18. The company had incurred a net loss of Rs 595 crore in FY23 for multiple reasons, including restructuring costs.

Over the past few years, the company was able to cut down on cash burn. Shiprocket has cut its cash Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) burn to half in FY24, reported CNBC TV 18.

Upcoming IPOs

While Shiprocket is filing for a DRHP, there is no clear information about the timeline of Shirpcoket IPO. There are many other companies which will launch their IPO in the primary market this week.

This week, the primary market will see the debut of two new initial public offerings (IPOs) in the mainboard segment. Apart from these mainboard IPOs, three new IPOs will open for bidding in the small and medium enterprise (SME) segment.

A total of ten mainboard IPOs were listed in the Indian markets in the first four months of the year. As the Indian stock market continued to remain volatile after the beginning of 2025, no IPO listings were held in March and April. As of now, HExaware Technologies stands as the biggest IPO of 2025 so far. Many companies like Reliance Jio, etc, are also planning to bring their IPO this year. According to publicly available data, three out of ten IPOs listed in 2025 gave negative listing returns.

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The Indian capital market witnessed record activity in FY25 due to a massive surge in IPO launches, increased capital formation has supported market stability and growth.