CosmicTaco

Shiprocket's IPO Journey: Growth Amid Challenges

CosmicTaco · 2025-06-05T10:48:57.051913+05:30

- Shiprocket, preparing for an IPO, reported a 27% revenue growth to Rs 1,232 crore for nine months ending December 2025, but challenges remain in new business lines. - The company aims to raise Rs 2,000-2,500 crore in its IPO, with key investors retaining stakes while others partially exit. - Shiprocket's logistics aggregation, making up 81% of its revenue, is profitable, but new ventures like fintech and retail software need further validation. - Analysts question its valuation, comparing it to established logistics firms like Delhivery, given its reliance on third-party providers. - Financial scrutiny reveals concerns with high goodwill and trade receivables, hinting at integration and billing issues. Shiprocket remains tight-lipped on these matters. Source: [The Arc](https://www.thearcweb.com/article/ipo-bound-shiprocket-grows-27-but-new-businesses-remain-untested-5KVMWvtQps4uwEWi)

Shiprocket, preparing for an IPO, reported a 27% revenue growth to Rs 1,232 crore for nine months ending December 2025, but challenges remain in new business lines.
The company aims to raise Rs 2,000-2,500 crore in its IPO, with key investors retaining stakes while others partially exit.
Shiprocket's logistics aggregation, making up 81% of its revenue, is profitable, but new ventures like fintech and retail software need further validation.
Analysts question its valuation, comparing it to established logistics firms like Delhivery, given its reliance on third-party providers.
Financial scrutiny reveals concerns with high goodwill and trade receivables, hinting at integration and billing issues. Shiprocket remains tight-lipped on these matters.

Source: The Arc