Shiprocket files confidential pre-IPO papers

BENGALURU: Shiprocket has filed a pre-filed draft red herring prospectus ( pre-DRHP ) with market regulator Sebi , marking the logistics tech company's formal step toward a public listing . The filing was made under Regulation 59C (5) of Sebi's Issue of Capital and Disclosure Requirements (ICDR) Regulations, as per a public notice issued by the company in a financial daily on Wednesday. The proposed initial public offering is intended to be listed on the main boards of both the BSE and NSE .

The pre-DRHP was filed under Chapter IIA of the ICDR Regulations, which allows for confidential submissions, giving the company flexibility to delay public disclosures around offer details and financials during the early review process.

Shiprocket, incorporated as Bigfoot Retail Solutions and headquartered in Delhi NCR, has not disclosed the size or timeline of the proposed issue in the public advertisement. Backed by investors including Zomato and Temasek, Shiprocket provides end-to-end shipping and fulfilment solutions to direct-to-consumer (D2C) brands and independent merchants, a segment that currently generates 70-80% of its revenues.