Shiprocket IPO to Open on August 12; Price Band Set at ₹92-97

Ahmedabad: Shiprocket Limited (the “Company”) shall open the Bid/Offer in relation to its Initial Public Offer of Equity Shares on Wednesday, August 12, 2026. The Price Band of the Offer has been fixed at ₹92 to ₹97 per Equity Share of face value of ₹10 each (“Price Band”), the company announced today.

As per the company, Bids can be made for a minimum of 154 Equity Shares of face value of ₹10 each and in multiples of 154 Equity Shares of face value of ₹10 each thereafter (“Minimum Bid Lot”). The Anchor Investor Bidding Date shall be Tuesday, August 11, 2026. The Bid/Offer shall open on Wednesday, August 12, 2026.

The total offer size of Equity Shares with a face value of ₹10 each, aggregating up to ₹16,174.85 million, comprises a fresh issue of Equity Shares aggregating up to ₹8,855.00 million and an Offer for Sale of Equity Shares aggregating up to ₹7,319.85 million.

The company proposes to utilize the net proceeds from the fresh issue towards investment in the growth of Shiprocket’s platforms by way of investment in marketing initiatives primarily for its Emerging Business and for its Core Business; 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 for general corporate purposes.

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges, namely BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and, together with BSE, the “Stock Exchanges”). 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.