CAM, Khaitan, SAM, Latham act on Shiprocket ₹1,617 crore IPO

IPO / ECM 19 Aug 2026· ₹1,617.48 cr · Completed· ✓ Verified

The Shiprocket IPO was structured as a 100% book-built issue of 16,67,61,566 equity shares (face value ₹10) priced at ₹92–₹97 per share. The fresh issue (9.13 crore shares, ₹885.50 crore) was earmarked for platform growth, technology infrastructure (₹211 crore), marketing (₹294–306 crore), and debt repayment (~₹210 crore). The OFS (7.55 crore shares, ₹731.98 crore) involved 16 selling shareholders including early-stage VCs (500 Startups, Tribe Capital, LR India Fund, Agility), quasi-promoters (Eternal/Zomato, Bertelsmann, Arvind), and co-founders. Bidding opened 12 Aug, closed 14 Aug 2026; allotment 17 Aug; listing 19 Aug on NSE (designated) and BSE. Company raised ₹727.42 crore from…

Why it mattersShiprocket as a professionally-managed, no-identifiable-promoter VC-backed platform demonstrates the market's appetite for tech-enabled logistics enablers; the dual-counsel model (issuer counsel CAM/SAM, selling shareholders counsel Khaitan, BRLMs counsel SAM/Latham) illustrates standardised governance for complex multi-stakeholder tech IPOs with material OFS components.
CounselCyril Amarchand Mangaldas, Khaitan & Co, Shardul Amarchand Mangaldas & Co, Latham & Watkins
SectorTechnology
Value₹1,617.48 cr
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