India, Nov. 3 -- Delhi NCR-based logistics aggregator Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).

According to the latest processing status data on the SEBI website, the regulator issued observations to the company on October 31.

In SEBI's parlance, issuance of observations is a nod to proceed with the public issue.

Shiprocket filed its pre-IPO papers in May 2025 through the confidential route.

The company is reportedly planning to raise around INR 2,000 Cr to INR 2,500 Cr from the IPO, including a fresh issue of INR 1,000 Cr to INR 1,200 Cr.

The SEBI nod comes days after the company reported a sharp reduction in its FY25 loss. Shiprocket's...