Overview
Shiprocket, an e-commerce enablement and logistics platform backed by Zomato, Temasek, and Info Edge, has received approval from the Securities and Exchange Board of India (SEBI) to launch its ₹2,400 crore initial public offering (IPO). The issue will comprise an equal mix of fresh equity shares and an offer for sale (OFS).
IPO Structure and Key Details
| Particulars | Details |
| Total Issue Size | ₹2,400 crore |
| Fresh Issue | ₹1,200 crore (approx.) |
| Offer for Sale (OFS) | ₹1,200 crore (approx.) |
| Major Shareholders (Not Selling) | Zomato, Temasek, Info Edge |
| Selling Shareholders | Early investors and company founders |
| SEBI Approval | Received (as per sources) |
| Use of Proceeds | Product development, technology upgrades, acquisitions, and expansion of logistics and warehousing infrastructure |
| Lead Managers | Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America |
Financial Performance (FY25)
| Metric | FY25 | FY24 | Change |
| Revenue | ₹1,632 crore | ₹1,316 crore | +24% YoY |
| Core Business Revenue | ₹1,306 crore | — | +20% YoY |
| Net Loss | ₹74 crore | ₹595 crore | Sharp reduction |
| ESOP Expense | ₹91 crore | — | — |
| Adjusted EBITDA | ₹7 crore | -₹128 crore | Turned positive |
| Core Business Cash EBITDA | ₹157 crore | — | >2x YoY |
| EBITDA Margin (Core) | — | — | Expanded ~12% |
Strategic Highlights
- Shiprocket’s emerging businesses have demonstrated strong traction, contributing to the company’s improving profitability metrics.
- The Daas (Delivery-as-a-Service) and value-added technology verticals continue to drive the platform’s integration into India’s digital logistics ecosystem.
- In a recent interview with CNBC-TV18, Saahil Goel, MD & CEO, emphasized the company’s focus on sustainable, fundamentals-driven growth rather than short-term market pressures.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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