Shiprocket Limited IPO: GMP, Profit, Price & expert review

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Shiprocket Limited is an e‑commerce enablement & logistics technology platform that provides end‑to‑end shipping, fulfilment, technology and marketplace solutions for D2C brands, MSMEs and online sellers.
It aggregates multi‑carrier logistics, checkout, payments and cross‑border services on a unified platform.

Shiprocket serves over ~150,000+ merchants, facilitating services across 24,000+ pin codes in India and 220+ countries globally. Its platform processes hundreds of thousands of shipments daily, underpinning a significant share in India’s e‑commerce logistics ecosystem.

Shiprocket Limited has filed DRHP with SEBI for a proposed IPO with an issue size of ~₹ 2,342.35 Cr consisting as Fresh Issue of ~₹ 1,100 Cr and an Offer for Sale (OFS) ~₹ 1,242.35 Cr.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 2,342.35 Cr
Fresh Issue:₹ 1,100 Cr
Offer for Sale:₹ 1,242.35 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Shiprocket Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 1491.2 Cr
Revenue:₹ 1632 Cr
EBITDA₹ 7.03 Cr
PAT₹ -74.4 Cr
EBITDA Margin:~0.43%
PAT Margin~ -4.56%
Face Value:Rs. 05 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing repayment/prepayment~ ₹ 210 Cr
Setting up New Project~ ₹ 00 Cr
Working capital requirements~ ₹ 505 Cr
General Corporate Purpose~ ₹ 00 Cr

Shiprocket Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 1,088.8₹ 1,316.0₹ 1,632.0
PAT (₹ Cr)₹ -359.3₹ -595.2₹ -74.4
Asset (₹ Cr)₹ 2,386.8₹ 2,051.2₹ 2,308.6
Net Worth (₹ Cr)₹ 1,699.9₹ 1,284.2₹ 1,491.2

Shiprocket Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
16-Feb₹ –₹ –₹ –
15-Feb₹ –₹ –₹ –
14-Feb₹ –₹ –₹ –
13-Feb₹ –₹ –₹ –
12-Feb₹ –₹ –₹ –
Shiprocket Limited

Shiprocket Limited IPO Pros & Cons

Strengths:

  • Strong presence in India’s fast-growing e-commerce logistics and fulfillment sector.
  • Serves 150,000+ merchants across 24,000+ pin codes with tech-enabled solutions.
  • Integrated tech platform combining shipping, checkout, marketing, and cross-border capabilities.
  • Backed by renowned investors like Zomato and PayPal, ensuring credibility and capital support.
  • Large growth potential from rising D2C and SME online commerce in India.

Risks:

  • Revenue depends heavily on merchant shipping volumes, which may fluctuate.
  • Highly competitive logistics & e-commerce fulfillment market with players like Delhivery, Xpressbees.
  • Margins may be pressure-sensitive due to discounting & operational costs.
  • Limited international diversification, most revenue is India-focused.
  • Regulatory or tech disruptions in logistics or cross-border shipping could impact growth.

Shiprocket Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
No identifiable promoters as declared by companyNA

Shiprocket Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Shiprocket Limited 

Lead / Book Running Lead ManagersAxis Capital Limited, BofA Securities India Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited
Registrar (RTA)KFin Technologies Limited

Founding Year of Shiprocket Limited & Managing Director

Shiprocket Limited was incorporated in the year 2012.

Mr. Saahil Goel serves as the CEO and Managing Director of the company.

Shiprocket Limited FAQ

  • It is an e‑commerce enablement & logistics tech platform powering shipping, fulfilment, payment, checkout and cross‑border services for millions of online merchants.
  • Shiprocket is raising funds via IPO for growth initiatives, to scale technology & infrastructure, repay debt, support acquisitions, and expand fulfilment & cross‑border verticals.
  • The issue size of the IPO is approximately ~₹2,342 Cr. It will be listed on the BSE & NSE platform.
  • Risk factors to invest in the IPO include ongoing losses, competitive pressure in logistics, tech investment costs, execution challenges, and macro/e‑commerce demand volatility.
  • Upsides to invest in the IPO is rapid e‑commerce growth in India, diversified offerings beyond shipping, and strong platform adoption by D2C sellers.
  • You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.
  • Expected listing date is yet to be announced.

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