THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. INITIAL PUBLIC OFFERING OF EQUITY SHARES ON THE MAIN BOARD OF THE BSE LIMITED ("BSE") AND NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE", AND TOGETHER WITH BSE, THE "STOCK EXCHANGES") IN COMPLIANCE WITH CHAPTER II OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBI ICDR REGULATIONS").

SHIPROCKET LIMITED

(TO BE LISTED ON THE MAIN BOARD OF BSE AND NSE)

Our Company was incorporated as 'Bigfoot Retail Solutions Private Limited' at New Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 28, 2011, issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Subsequently, the name of our Company was changed to 'Shiprocket Private Limited' pursuant to a Shareholder's resolution dated June 12, 2024, and a fresh certificate of incorporation dated July 19, 2024 was issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Our Company was converted to a public limited company and the name of our Company was changed to 'Shiprocket Limited' pursuant to a Shareholder's resolution dated January 18, 2025 and a fresh certificate of incorporation dated February 18, 2025 was issued by the RoC. For details in relation to the changes in the registered office of our Company, see "History and Certain Corporate Matters - Changes in the registered office of our Company" on page 256 of the prospectus dated August 14, 2026 ("Prospectus").

1. Losses incurred in past periods:

We had a net loss in Fiscals 2026, 2025 and 2024. There is no assurance that we will not incur losses in the future as we expand our operations. The following table sets forth certain financial information for the Fiscals indicated:

2. Risks related to maintaining acquisitions and strategic investments:

We may not be successful in identifying and negotiating acquisitions, alliances or investments on terms favourable to us or at all. The benefits of an acquisition or strategic transaction may also take considerable time to develop, and we cannot be certain that any particular transaction will produce the intended benefits or benefits at all and may incur losses.

3. Risks related to Objects of the Offer and its utilization:

We intend to use the Net Proceeds towards investment in the growth of our platforms. The Emerging Business is a newer business for our Company and its success will depend in part on our ability to design and develop new product offerings that meet the needs of Merchants. Moreover, our funding requirements and proposed deployment of Net Proceeds of the Offer are based on management estimates and have not been independently appraised by a bank or a financial institution and if there are any delays or cost overruns, our results of operations may be adversely affected.

4. Risks related to our business with Merchants:

Our results of operations and cash flows are significantly impacted by the operational results and business decisions of our Merchants, the web traffic they are able to generate, and our ability to attract Merchants through online channels, all of which are beyond our control.

5. Risks related to our cross-border business:

Expansion into new international markets may be challenged by limited local expertise, partner networks, and heightened competition. Significant investments may be required to grow our cross-border business, with uncertain timing and realization of returns.

6. Risks related to negative operating cash flow:

We have incurred negative cash flows from operations in Fiscal 2024, and may incur negative cash flows in the future as we invest in growing our merchant base, product portfolio and business operations. The table below sets forth our net cash flows from / (used in) operating activities for the Fiscals indicated.

7. Risks related to arrangement with our logistics partners:

Our non-exclusive arrangements with logistics partners may result in service prioritization for competitors, contract non-renewals, or competitive offerings, adversely affecting our business and financial performance.

8. Expansion Risk:

We may face challenges expanding into new business verticals or product categories, potentially leading to the incurrence of substantial expenditure and/or delayed returns on investment, which could adversely affect our business, financial condition, cash flows and results of operations.

9. Risks related to management of our fulfilment centres:

Inability to efficiently manage fulfilment centres or renew related lease and warehouse management agreements on favourable terms may adversely affect our business and financial performance.

10. Offer-related risk:

The Offer is being undertaken as a Fresh Issue of Equity Shares as well as an Offer for Sale of Equity Shares by the Selling ShareholdeRs. The proceeds from the Offer for Sale will be paid to the Selling Shareholders and we will not receive any proceeds from the Offer for sale.

11. Since Company has incurred loss in Fiscal 2026 based on Restated Consolidated Financial Information, the basic and diluted EPS is negative, and hence, the Price to Earnings ratio is not ascertainable. The average industry peer group PE ratio is 47.75 for Fiscal 2026. 12. Weighted Average Return on Net Worth for Financial Year ended 2026, 2025 and 2024 is (11.95)%.

13. Weighted average cost of acquisition per Equity Share for the Selling Shareholders:

#Pursuant to the approval of the Board and the Shareholders in their meetings held on March 21, 2025 and November 14, 2025, respectively, our Company has issued bonus shares to our Shareholders, in the ratio of 265 Equity Shares of face value of Rs. 10 each, for every one Equity Share of face value of Rs. 10 each held by our Shareholders, as on the relevant record date.

14. Weighted average cost of acquisition of all Equity Shares transacted in the last one year and three years preceding the date of the Prospectus by the Selling Shareholders:

*As certified by B.B. & Associates, Chartered Accountants, pursuant to their certificate dated August 14, 2026.

**Pursuant to a resolution dated March 21, 2025 passed by the Board, and resolution dated November 14, 2025 passed by the Shareholders, our Company undertook a bonus issue of Equity Shares in the ratio of 265 Equity Shares of face value of Rs. 10 each, for every one Equity Share of face value of Rs. 10 each held by the Shareholders and simultaneously adjusted the applicable conversion ratios of the CCPS (to 266:1 for every series of CCPS, other than Series D1 CCPS, for which it was adjusted to 133:1), as on the record date, being November 15, 2025. The range of acquisition price has been adjusted to reflect the impact of the bonus issue. #Acquisition price of shares issued pursuant to Bonus issue is Nil.

15. The 4 BRLMs associated with the Offer have handled 88 public Issues in the past three financial years, out of which 23 Issues closed below the offer price on listing date:

*Issues handled where there were no common BRLMs.

This is an Offer in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Offer was made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs" and such portion the "QIB Portion") provided that our Company, in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which 33.33% was reserved for domestic Mutual Funds and 6.67% was reserved for Life Insurance Companies and Pension Funds, subject to valid Bids having been received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the price at which Equity Shares was allocated to the Anchor Investors ("Anchor Investor Allocation Price"), in accordance with the SEBI ICDR Regulations. In the event of under-subscrption or non-allocation in the Anchor Investor Portion, the balance Equity Shares could have been added to the QIB Portion (excluding the Anchor Investor Portion) ("Net QIB Portion"). Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids having been received at or above the Net Offer Price. If at least 75% of the Net Offer cannot be Allotted to QIBs, then the entire Bid Amount (as defined hereinafter) will be refunded forthwith. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion could have been added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Offer was available for allocation to Non-Institutional Bidders ("NIBs") of which (a) one third portion was reserved for NIBs with application size of more than Rs. 200,000 and up to Rs. 1,000,000; and (b) two-thirds of the portion was reserved for NIBs with application size of more than Rs. 1,000,000, provided that the unsubscribed portion in either of such sub-categories could have been allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations, subject to valid Bids having been received above the Offer Price and not more than 10% of the Net Offer was available for allocation to Retail Individual Bidders ("RIB") in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Offer Price. All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders (defined hereinafter) using the UPI Mechanism), in which case the corresponding Bid Amounts were blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Net Offer. Anchor Investors were not permitted to participate in the Anchor Investor Portion of the Net Offer through the ASBA process. For details, see "Offer Procedure" beginning on page 441 of the Prospectus.

The Offer received 4,821,476 applications for 9,481,551,772 Equity Shares (including applications from Anchor Investors and prior to rejections considering only valid bids) resulting in 56.86 times subscription. The details of the applications received in the Offer from various categories (including Anchor Investors) are as under (before rejections):

*This excludes 27,745 applications for 5,052,586 Equity Shares aggregating to Rs. 489,308,204/- from Retail Individual & HNI Individuals which were not in bid book but which were banked.

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on Monday, August 17, 2026.

The Basis of Allotment to the Eligible Employees, who have bid at the Offer Price Rs. 88 per Equity share (Net of Employee Discount i.e. Rs. 9 per equity share), was finalized in consultation with the NSE. This category has been subscribed to the extent of 8.93351 times. The total number of Equity Shares Allotted in this category is 113,636 Equity Shares to 479 successful Eligible Employees. The category-wise details of the Basis of Allotment are as under: (Sample)

140 applications from the "Above Rs. 2 Lakhs" categories were added to Category 2156 (the "Up to Rs. 2 Lakhs" category), which initially had 23 applications, for the purpose of proportionate allotment. The remaining 288,134 equity shares were not considered for allotment due to the oversubscription in the "Up to Rs. 2 Lakhs" category.

Note: 1 additional share has been allocated to Category 2156 in the ratio of 34 :163

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of Rs. 97 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 46.95657 times (after rejections). The total number of Equity Shares Allotted in Retail Portion is 16,664,793 Equity Shares to 108,212 successful Retail Individual InvestoRs. The category-wise details of the Basis of Allotment are as under:

Please Note: 1 additional Share shall be allotted to 145 Allottees from amongst 7391 Successful Allottees from the categories 308 - 2002 (I.e .excluding successful applicants from Category 154) in the ratio of 145 : 7391.

The Basis of Allotment to the Non-Institutional Investors (More than Rs. 200,000 and up to Rs. 1,000,000), who have bid at the Offer Price of Rs. 97 per Equity Share was finalized in consultation with NSE. The sub-category of the Non-Institutional Portion comprising Non-Institutional Investors Bidding (More than Rs. 200,000 and up to Rs. 1,000,000) has been subscribed to the extent of 70.64292 times (after rejections). The total number of Equity Shares Allotted in this category is 8,332,396 Equity Shares to 3,864 successful Non- Institutional InvestoRs. The category-wise details of the Basis of Allotment are as under: (Sample)

Please Note: 1 (One) lot of 2156 shares have been allocated to all the 383 Non Allottees Applicants in Categories with ZERO/NO Allotment in the ratio of 5 :383

Please Note: 8 additional Shares have been allocated to 189 Successful Allottees from all the Categories (excluding the Category 2156) in the ratio of 1:1

Please Note: 1 additional Share has been allocated to 189 Successful Allottees from all the Categories (excluding the Category 2156) in the ratio of 100: 189

The Basis of Allotment to the Non-Institutional Investors (More than Rs. 1,000,000), who have bid at the Offer Price of Rs. 97 Equity Share was finalized in consultation with the NSE. The sub-category of the Non-Institutional Portion comprising Non-Institutional Investors Bidding above Rs. 1,000,000 has been subscribed to the extent of 102.89858 times (after rejections). The total number of Equity Shares Allotted in this category is 16,664,793 Equity Shares to 7,729 successful applicants Non-Institutional Investors. The category-wise details of the Basis of Allotment are as under (Sample):

Please Note: 1 (One) lot of 2156 shares have been allocated to all the 446 Non Allottees Applicants in Categories with ZERO/NO Allotment in the ratio of 18 : 446

Please Note: 1 additional Share shall be allocated to 1069 Allottees from amongst 7729 Successful Applicants from all the categories in the ratio of 113 : 817

Allotment to QIBs (excluding Anchor Investors), who have Bid at the Offer Price of Rs. 97 per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 125.04823 times of Net QIB Portion. As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5 % of the Equity Shares of Net QIB Portion available i.e. 2,499,719 Equity Shares and other QIBs including Mutual Funds were Allotted the remaining available Equity Shares i.e. 47,494,661 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the Net QIB Portion is 49,994,380 Equity Shares, which were allotted to 269 successful QIB BiddeRs. The category- wise details of the Basis of Allotment are as under.

The Company, in consultation with the BRLM has allotted 74,991,568 Equity Shares to 25 Anchor Investors (through 50 Anchor Investor Application Forms, including 13 domestic Mutual Funds through 31 Mutual Fund schemes) at an Anchor Investor Offer Price of Rs. 97 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of total QIB portion.

The Board of Directors in their meeting held on August 17, 2026 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and allotment resolution was passed on August 17, 2026. The Allotment Advice-cum-Unblocking intimations have been dispatched to the email id of the Investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on August 17, 2026 and payments to non-Syndicate brokers have been issued on August 18, 2026. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on August 18, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company filed the Listing application with NSE and BSE on August 18, 2026. The Company has received listing and trading approval from NSE and BSE and the trading will commence on Wednesday, August 19, 2026.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

The details of the Allotment made will be hosted on the website of the Registrar to the Offer, KFin Technologies Limited at www.kfintech.com.

All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/Sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

KFin Technologies Limited

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai, Maharashtra, 400070

Tel: +91 40 6716 2222, E-mail: shiprocket.ipo@kfintech.com

Investor Grievance Email: einward.ris@kfintech.com

Website: www.kfintech.com

Contact Person: M. Murali Krishna

SEBI Registration.: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHIPROCKET LIMITED.

Shiprocket Limited filed Prospectus dated August 14, 2026, with the RoC on August 15, 2026. The Prospectus is available on the website of the Company at www.shiprocket.in, SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e. Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited at www.axiscapital.co.in, https://business.bofa.com/bofas-india, www.jmfl.com and https://investmentbank.kotak.com, respectively and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see "Risk Factors" on page 30 of the Prospectus.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws in the United States. Accordingly, the Equity Shares are being offered and sold (a) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act and referred to in the Prospectus as "U.S. QIBs") in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act; and (b) outside the United States in "offshore transactions" as defined in, and in reliance on, Regulation S under the U.S. Securities Act and in compliance with the applicable laws of the jurisdictions where those offers and sales are made.