Zomato-backed Shiprocket files draft IPO papers via confidential pre-filing route; check key details

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

In a public notice on Wednesday, May 21, 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".

However, the company clarified that the pre-filing of DRHP does not guarantee that the company will go ahead with the initial public offering.

The proceeds from the fresh issue, if included, are expected to be used for product development, strategic acquisitions, expansion of logistics and warehousing infrastructure, and strengthening its technology stack, they said.

Shiprocket processes over 490 million e-commerce transactions and serves over 120 million end consumers through its core business. It enables over 4 lakh merchants to scale online, supported by a logistics network that covers 19,000 pin codes across India and reaches over 160 countries via its cross-border capabilities.

D2C Brands like Mamaearth, Giva, mCaffeine, and Bellavita leverage Shiprocket's end-to-end solutions to streamline operations, improve delivery performance, and expand their reach.

Shiprocket proposed IPO: Book-running lead managers

Axis Capital, BofA Securities, JM Financial, and Kotak Mahindra Capital Company Ltd are the book-running lead managers to the issue.

Shiprocket is the latest company to file IPO papers via the confidential pre-filing route. Before it, Imagine Marketing, the parent company of the wearables brand boAt, also filed draft papers with the markets regulator SEBI in April 2025 for an IPO through a confidential pre-filing route.