Shiprocket IPO
IPO Price Range: Not Announced Yet
IPO Status
Upcoming
Listing Exchange
BSE
Objectives of IPO
- Shiprocket plans to raise around ₹2,400 to ₹2,500 crore through its IPO, including a fresh issue of shares worth ₹1,000-1,200 crore, as per reports.
- The offer for sale (OFS) component, approximately ₹1,200-1,300 crore, will allow early investors and founders to exit some holdings, while marquee investors like Zomato, Temasek, and Info Edge are not selling their shares.
- The IPO proceeds will be used primarily for upgrading technology, product development, acquisitions, and expanding logistics infrastructure like warehousing and delivery capacity.
- The shares are to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), with the price band and lot size yet to be finalized.
Strengths and Risks
Strengths
Robust investor backing and valuation: Raised over $320 million (~₹2,800 crore) pre-IPO, valued at $1.21 billion (~₹10,650 crore), backed by reputable investors like Zomato, Temasek, Info Edge, and PayPal, enhancing credibility and growth capital.
Wide logistics network and scale: Ships to more than 24,000 pin codes in India and over 220 countries/territories, serving 250,000+ sellers and fulfilling 70 million orders annually, dominating the SME, D2C, and social commerce shipping segments.
Strong revenue growth and improving finances: Operating revenue rose 24% YoY to ₹1,632 crore in FY25, EBITDA turned positive at ₹7 crore, and net losses reduced from ₹595 crore in FY24 to ₹74 crore in FY25, indicating progress towards profitability.
Technological edge: Proprietary tech platform offering real-time tracking, automated shipping solutions, and returns management supports efficient order processing and enhances customer experience.
Strategic acquisition and diversification: Acquisition of Pickrr Technologies for $200 million (~₹1,760 crore) boosts tech capabilities and market reach; expanding into cross-border shipping and marketing services now contributing 20% of revenue, setting the foundation for future growth.
Risks
Profitability challenges persist: Though improving, Shiprocket remains net loss-making (₹74 crore loss in FY25), reflecting ongoing expenses in scaling technology, infrastructure, and customer acquisition.
Highly competitive sector: Faces fierce competition from established logistics companies, courier aggregators, and tech platforms both domestically and globally, which may pressure pricing and margins.
Capital-intensive expansion: Future growth requires continuous investment in warehousing, delivery infrastructure, and technology upgrades, demanding sustained funding and efficient cash flow management.
Regulatory and operational risks: Logistics and e-commerce regulations are evolving; compliance costs or disruptions could impact operations. Reliance on third-party couriers and partners also creates service risks.
Market sentiment and IPO volatility: As a tech/logistics IPO, valuation and post-listing performance may be susceptible to market volatility, affecting investor appetite and stock price stability.
How to Apply for Shiprocket IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Shiprocket IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.
About Shiprocket
The company handles more than 70 million shipments annually and has a Gross Merchandise Value (GMV) of over $5 billion (₹70,400 crore) flowing through its logistics system. In FY25, Shiprocket’s operating revenue stood at ₹1,632 crore, marking a 24% growth compared to the previous year.
It provides technology-driven solutions such as real-time tracking, order management, and return handling, helping small and medium businesses, D2C brands, and social commerce players grow by simplifying delivery and fulfillment.
Shiprocket has strong backing from prominent investors including Zomato, Temasek, Info Edge Ventures, PayPal, Bertelsmann India Investments, Lightrock, and March Capital. It raised over $320 million (~₹2,800 crore) in funding and was valued at $1.21 billion (~₹10,650 crore) before the IPO, as per TheKredible. In 2022, it acquired Pickrr Technologies, a logistics startup, for about $200 million, enhancing its technical capabilities and expanding its market share.
For more details, visit here: www.shiprocket.in
Frequently Asked Questions of Shiprocket IPO
Can we invest in Shiprocket IPO?
What would be the listing gains on the Shiprocket IPO?
What is 'pre-apply' for Shiprocket IPO?
When is the Shiprocket IPO coming?
Shiprocket has received SEBI approval for its IPO, with plans to raise ₹2,400-2,500 crore. The final IPO launch date is awaited and will be announced after final regulatory and market preparations.
Who are the promoters of Shiprocket?
Founders Saahil Goel, Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati are the key promoters. Major investors such as Zomato, Temasek, and Info Edge hold stakes but are not part of the share sale in this IPO.
Who are Shiprocket’s competitors?
Competitors include other courier and logistics aggregators and tech-enabled supply chain platforms operating in India and internationally. The sector sees competition from domestic firms and large global players expanding aggressively.
How does Shiprocket make money?
Shiprocket generates revenue by charging e-commerce sellers for logistics services like shipping, warehousing, order management, tracking, returns handling, and cross-border shipping solutions. It also offers marketing services to sellers.