SynopsisShiprocket secured Rs 727.41 crore from anchor investors before its upcoming initial public offering. The e-commerce enablement company aims to raise a total of Rs 1,617.48 crore through its maiden public issue. The IPO includes a fresh issue and an offer for sale, with a price band of Rs 92-97 per share. Proceeds will fund platform growth, technology, and debt repayment, and support acquisitions.AgenciesE-commerce logistics company Shiprocket has raised Rs 727.41 crore from anchor investors ahead of the opening of its initial public offering (IPO) on Wednesday, August 12, 2026.Through its maiden public issue, the company seeks to raise Rs 1,617.48 crore from the markets.According to a stock exchange filing, Shiprocket allotted 7.50 crore (74,991,568) equity shares to multiple domestic and global anchor investors at Rs 97 apiece, the upper end of its IPO price band. The allocation raised Rs 727.41 crore.Of the total 74,991,568 equity shares allocated to anchor investors, 50,062,456 shares, or 66.76% of the total allocation, were allotted to 13 domestic mutual funds through 31 schemes.Another 5,341,534 equity shares, or 7.12% of the total anchor allocation, were allotted to life insurance companies and pension funds.Some of the notable investors participating in the anchor book included SBI Innovative Opportunities Fund, HDFC Mutual Fund, Nippon India Small Cap Fund, Kotak Pioneer Fund, Nomura Funds Ireland, Ashoka WhiteOak Emerging Markets Equity Fund, Goldman Sachs India Equity Portfolio, Mirae Asset, UTI Small Cap Fund and Motilal Oswal Large Cap Fund.About Shiprocket IPOThe Shiprocket IPO comprises a fresh issue of 9.13 crore equity shares worth Rs 885.50 crore and an offer for sale (OFS) of 7.55 crore shares aggregating Rs 731.98 crore.The IPO has a price band of Rs 92-97 per share. The lot size is 154 shares, with investors able to bid for a minimum of 154 shares and in multiples thereof. At the upper price band, the minimum investment required for a retail investor is Rs 14,938 for 154 shares.The IPO will remain open for subscription until August 14, 2026. The allotment is expected to be finalised on August 17, while the shares are expected to list on the NSE and BSE on August 19.KFin Technologies is the registrar to the issue, while Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers.The company will not receive any proceeds from offer for sale and it will be given to selling shareholders. However, the company intends to use the IPO proceeds for investments in the growth of Shiprocket's platforms, marketing initiatives primarily for its Emerging Business and Core Business, technology infrastructure and capabilities for these businesses, and repayment or prepayment, in full or in part, of certain borrowings, including accrued interest.The proceeds will also be used to fund inorganic growth through unidentified acquisitions and for general corporate purposes.About ShiprocketIncorporated in 2011, Shiprocket is an Indian e-commerce enablement company that provides technology-driven solutions to help micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and large retailers manage and grow their online and offline businesses. According to the Redseer Report, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless