Cyril Amarchand Mangaldas (CAM), Shardul Amarchand Mangaldas & Co. (SAM) and Khaitan & Co. advised on Shiprocket’s ₹1,617.5 crore IPO.
Shiprocket Limited, India’s largest new-age end-to-end horizontal e-commerce enablement platform by operational revenue in Fiscal 2026, undertook an initial public offering of equity shares aggregating to approximately ₹1,617.5 crore, comprising a fresh issue and an offer for sale. The IPO was managed by Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited as the book running lead managers.
Cyril Amarchand Mangaldas (CAM) acted as Indian legal counsel to Shiprocket Limited in connection with its initial public offering. The Firm also advised Saahil Goel, Gautam Kapoor and Vishesh Khurana, the individual selling shareholders, on their participation in the offer for sale.
The transaction team advising the Company included Senior Partner Yash J. Ashar and Partner Aashima Johur; Principal Associate Mihir Mathur; Senior Associate Rishi Nandkeolyar; Associates Kanika Bhakhna, Abhinav Singh Chauhan and Shvabh Chakarwarti. The team advising the individual selling shareholders comprised Partners Vishal Yaduvanshi (Regional Co-Head – Capital Markets – North) and Amitpal Singh; Associate Ritvik Maheswari.
Shardul Amarchand Mangaldas & Co. (SAM) acted as Indian legal counsel to the Book Running Lead Managers — Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited — in connection with the IPO.
The Capital Markets team was led by National Practice Head – Capital Markets Prashant Gupta and Partner Sayantan Dutta; Senior Associate Shivang Agarwal; Associates Aryan Singh, Deeksha Dhingra and Satakshi N Dixit.
Khaitan & Co. Advised the selling shareholders on Shiprocket’s IPO, comprising a fresh issue and an offer for sale aggregating to approximately ₹1,617.5 crore.
The selling shareholders included Tribe Capital III, LLC Series 1, LR India Fund I SICAV-RAIF, AFOS LLC, Agility International Investment, MCP3 SPV and 500 Startups III.
The deal team included Gautham Srinivas, Vaibhav Mittal, Sanjeev Chowdhary, Avinash Gautam, Mainak Pani and Sarvesh Sharma.
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