Now Reading: Shiprocket sets Rs 1,618-crore IPO as software revenue rises
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Shiprocket sets Rs 1,618-crore IPO as software revenue rises
Shiprocket will open its Rs 1,618-crore initial public offering on 12 August, with shares priced at Rs 92 to Rs 97. The issue includes a fresh issue of up to Rs 885.5…
The Story in Brief
Shiprocket will open its Rs 1,618-crore initial public offering on 12 August, with shares priced at Rs 92 to Rs 97. The issue includes a fresh issue of up to Rs 885.5 crore and an offer for sale of up to Rs 731.9 crore. At the upper band, the company would have a market value of about Rs 7,000 crore.
Operating revenue rose to Rs 2,024 crore in FY26 from Rs 1,632 crore. Shiprocket told Mint that cross-border, checkout, omnichannel and marketing services contributed over a quarter of revenue and grew 65%. Its reported net loss is disputed: Mint says it remained at Rs 79.2 crore, while Inc42 reports a 6.5% rise from Rs 74.4 crore.
The Indian Opinion
The easy startup story is that Shiprocket has outgrown parcel delivery, while the easy bear case is that a loss-making unicorn is merely seeking an exit for investors. Both miss the harder test. Software growth is promising, but the company still spent Rs 2,153.4 crore against operating revenue of Rs 2,024 crore, according to Inc42. Investors should focus on sustained cash generation and whether non-shipping services can keep growing faster than logistics after the IPO.
Sources (2): livemint.com, inc42.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
