Shiprocket, the e-commerce logistics platform backed by Zomato and Temasek, has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming ₹2,500 crore initial public offering (IPO).
IPO Structure & Fund Utilization
The IPO will consist of:
- Fresh issue: ₹1,000–₹1,200 crore worth of equity shares
- Offer for sale (OFS): Remaining shares from existing investors
The funds raised will be used for product development, technology upgrades, acquisitions, and expanding logistics and warehousing infrastructure.
Investment Banks & Market Strategy
Shiprocket has appointed Axis Capital, Kotak Mahindra Capital, JM Financial, and Bank of America as its merchant bankers to manage the IPO process.
Financial Performance & Growth Outlook
- Revenue Growth: Shiprocket’s operating revenue surged 21% YoY to ₹1,316 crore in FY24.
- Profitability: The company cut its cash burn by 50%, reducing EBITDA losses from ₹191 crore in FY23 to ₹100 crore in FY24.
- Emerging Businesses: Shiprocket’s Cross Border and Checkout divisions grew 70–100% YoY, contributing 20% of total revenue.
Market Sentiment & Industry Impact
Shiprocket’s IPO comes amid renewed investor interest in logistics and e-commerce infrastructure, following successful listings by Nykaa, Delhivery, and Paytm.
With strong financials and strategic expansion plans, Shiprocket is set to make a significant impact in India’s logistics tech sector.
For more updates on IPOs and market trends, stay tuned!
