Shiprocket, one of the growing logistics and shipping platforms, has filed a UDRHP with the SEBI to raise ₹2,342.3 crore via an IPO.
According to the DRHP filed on December 12, the IPO consists of a fresh issue of ₹1000 crore and an OFS of up to ₹1,242.3 crore.
In the Offer-for-Sale of the component, Lightrock, Arvind, Tribe Capital, Bertelsmann, Gautam Kapoor, Saahil Goel, and Vishesh Khurana are among the selling shareholders.
Public shareholders own 91.52% of Shiprocket, while the Employee ESOP Trust holds 8.48%. The largest shareholder is Bertelsmann Nederland (21.32%), followed by Tribe Capital (14.14%), Zomato parent Eternal (6.85%), and MacRitchie Investments (5.29%).
In the pre-IPO placement, the company is planning to raise ₹220 crore. If the company successfully raises funds via a pre-IPO round, then the funds of ₹220 crore will be reduced from the fresh issue.
The proceeds of ₹505 crore were raised from the fresh issue growth of its platforms. A portion of ₹210 crore will be utilized towards the repayment/prepayment of existing borrowings taken by the company. Lastly, the remaining funds will be used for the company’s general corporate purposes.
Moreover, its total borrowings are at ₹233.8 crore as of September 2025.
Axis Capital, BofA Securities India, JM Financial, and Kotak Mahindra Capital Company are the book-running lead managers to the issue.
About Shiprocket
Incorporated in January 2012 and founded by Saahil Goel and Gautam Kapoor, Shiprocket is one of the growing e-commerce enablement platforms that provide smart, AI-powered tools and many other services to their customers. This tool offers various benefits to users, like improving sales, handling orders, shipping products, talking to customers, managing returns, and more.
Since then, Shiprocket has supported more than 2.5 lakh retailers to grow their businesses, such as Mamaearth, mcaffine, Samsung, and many more. As of 2024, Shiprocket has 25+ courier partners, 24000+ Serviceable pin codes, 220+ countries and territories, 42+ fulfillment centers, as well as 2.2 Lakh+ shipments daily.
In FY25, the company generated a revenue of ₹1632, a revenue increase of 24% from ₹1316 crore. For the six months ended September 2025, the company reported a loss of ₹38.3 crore.
Shiprocket IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Shiprocket Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹1,126.90 | ₹1,422.76 | ₹(359.31) |
| 2024 | ₹1,357.83 | ₹1,708.64 | ₹(595.18) |
| 2025 | ₹1,674.82 | ₹1,749.27 | ₹(74.45) |
| September 2025 | ₹970.79 | ₹1,009.11 | ₹(38.32) |
Shiprocket IPO Valuation – FY2025
Shiprocket IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹(1.24) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (4.99%) |
| Net Asset Value (NAV): | ₹23.44 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Unicommerce Esolutions Limited | 1.60 | 84.27 | 25.20% | 6.79 | 134.79 Cr. |
Objects of the Issue
- Investment in the growth of the Shiprocket’s platforms by way of;
- investment in marketing initiatives primarily for our Emerging Business and for our Core Business; and
- investment in technology infrastructure and capabilities primarily for our Emerging Business and for our Core Business.
- Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- BofA Securities India Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
