# Shiprocket Limited: IPO analysis > Shiprocket Limited (CIN U72900DL2011PLC225614) has filed a Prospectus with SEBI for an IPO comprising an offer for sale of 7.55 Cr shares, priced at ₹92.00 to ₹97.00 per share. In FY26 it reported revenue of ₹2,024 Cr (+24.0% on FY25) and a net loss of ₹79 Cr. Our fact-check of its claims found 1 medium or high concern across 39 claims checked. - Page: https://ipo.innerkore.com/company/U72900DL2011PLC225614/shiprocket-limited/ - CIN: U72900DL2011PLC225614 - Last updated: 21 Aug 2026 ## Key facts - **Company:** Shiprocket Limited - **CIN:** U72900DL2011PLC225614 - **Filing stage:** Prospectus - **Latest SEBI filing:** 21 Aug 2026 - **Offer for sale:** 7,54,62,363 shares - **Price band:** ₹92.00 to ₹97.00 per share - **Final offer price:** ₹97.00 per share - **Lot size:** 154 shares - **Bidding opens:** 12 Aug 2026 - **Bidding closes:** 14 Aug 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹2,024 Cr - **Revenue growth:** +24.0% - **Net profit FY26:** −₹79 Cr - **Revenue CAGR FY24 to FY26:** 24.0% - **Lead managers:** Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited - **Registrar:** KFin Technologies Limited - **Fact-check flags:** 0 high, 1 medium, 3 low ## Key signals (read from the filing; not investment advice) - **Valuation** (look closer): No P/E. Loss-making on FY26 figures. Price / sales is 3.1x at the top of the band. - **Growth** (looks fine): 24% a year. Sales FY24 to FY26; latest year +24%. - **Profitability** (concern): -3.9% net margin. FY26; operating margin steady. - **Debt** (looks fine): 0.16x equity. ₹242 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): Cash positive. Net loss of ₹79.3 crore; operations still brought in ₹52.6 crore. - **Where the money goes** (concern): All for sale. Entirely an offer for sale: the company receives nothing. - **Red flags** (look closer): 1 to review. 39 claims checked: 0 high, 1 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 1,316 | 1,632 | 2,024 | | Sales growth | – | 24.0% | 24.0% | | Operating profit | -293 | -60 | -67 | | Operating margin | -22.3% | -3.7% | -3.3% | | Net profit | -595 | -74 | -79 | | Net margin | -45.2% | -4.6% | -3.9% | | Net worth | 1,286 | 1,491 | 1,524 | | Borrowings | 213 | 245 | 242 | | Return on equity | -46.3% | -5.0% | -5.2% | ## Use of proceeds (fresh issue) - Investment in the growth of our Shiprocket’s platforms primarily for our Emerging Business and for our Core Business: ₹366 crore - investment in marketing initiatives primarily for our Emerging Business and for our Core Business: ₹206 crore - investment in technology infrastructure and capabilities primarily for our Emerging Business and for our Core Business: ₹160 crore - Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon: ₹210 crore - Funding inorganic growth through unidentified acquisitions and general corporate purposes: ₹249 crore ## Fact-checked claims - **MEDIUM** (SubsidiaryPerformance): Shiprocket Omuni Private Limited was incorporated on April 18, 2013.. The search results do not explicitly state the incorporation date of Shiprocket Omuni Private Limited. One result mentions that Shiprocket was incorporated in 2011, which contradicts the claim that it was incorporated on April 18, 2013. - **LOW** (SubsidiaryPerformance): The company was incorporated as ‘Bigfoot Retail Solutions Private Limited’ at New Delhi on September 28, 2011.. Several search results corroborate the claim, stating that Shiprocket Limited was incorporated as Bigfoot Retail Solutions Private Limited at New Delhi on September 28, 2011. One source explicitly mentions this detail in the context of the IPO. - **LOW** (RegulatoryAction): The Equity Shares offered and transferred shall be subject to provisions of the Companies Act, SEBI ICDR Regulations, SCRA, SCRR, MoA, AoA, SEBI Listing Regulations, and other relevant laws and regulations.. The search results confirm that Shiprocket Limited is involved in various regulatory filings and announcements, such as earnings calls, designation of a Registrar and Share Transfer Agent, and listings, which implies that the equity shares are indeed subject to various laws. One result specifically mentions provisions under SEBI ICDR Regulations related to the Anchor Investor Bidding Date. - **LOW** (SubsidiaryPerformance): Logibricks Technologies Private Limited was incorporated on February 6, 2017, and is engaged in the business of providing reconciliation software for e-commerce Brands.. The search results provide some information about the company, including details on revenue generation and funding rounds, but they do not explicitly confirm or deny the incorporation date or the exact business activity mentioned in the claim. Some results mention funding activities and financial performance. - **NONE** (LitigationStatus): The Company filed a complaint dated August 19, 2025, against Subhash Yadav for dishonour of two cheques amounting to ₹40.00 Lakh under the Negotiable Instruments Act, 1881.. The search results do not contain any information corroborating or contradicting the specific claim about a complaint filed on August 19, 2025, against Subhash Yadav for dishonored cheques. The results mention other legal proceedings and disputes related to Shiprocket, but not this particular incident. - **NONE** (LitigationStatus): The Company filed a complaint dated February 21, 2025, against Aditya Dhanraj for dishonour of two cheques amounting to ₹32.00 Lakh under the Negotiable Instruments Act, 1881.. The search results do not contain any information corroborating or contradicting the specific claim regarding a complaint filed on February 21, 2025, against Aditya Dhanraj for dishonored cheques. The results mention various legal proceedings and activities related to Shiprocket but do not confirm this particular incident. - **NONE** (LitigationStatus): The Company filed an FIR dated August 14, 2022, against Rishabh Jain for offences under sections 420 and 34 of the Indian Penal Code, 1860, alleging criminal breach of trust and cheating.. The search results do not contain information confirming or denying an FIR filed against Rishabh Jain by Shiprocket Limited under sections 420 and 34 of the IPC. The results mention various legal proceedings and complaints against Shiprocket but do not specifically reference the alleged FIR mentioned in the DRHP claim. - **NONE** (PromoterBackground): Pankaj Makkar ceased to be a Nominee Director due to resignation under Section 168 of the Companies Act, 2013.. The provided search results do not contain any information that corroborates or contradicts the claim regarding Pankaj Makkar ceasing to be a Nominee Director due to resignation under Section 168 of the Companies Act, 2013. The search results focus on various regulatory actions, investor complaints, and IPO news, but do not mention this specific event. - **NONE** (PromoterBackground): Brijesh Kumar Agrawal was appointed as an Independent Director on March 21, 2025.. The provided search results do not contain any information confirming or denying the appointment of Brijesh Kumar Agrawal as an Independent Director on March 21, 2025. Therefore, the search results offer no corroboration or contradiction for this specific claim. - **NONE** (PromoterBackground): Vani Gupta Dandia was appointed as an Independent Director on March 21, 2025.. The provided search results do not contain any information confirming or denying the appointment of Vani Gupta Dandia as an Independent Director on March 21, 2025. The search results mainly cover various regulatory actions and market news from different dates. - **NONE** (PromoterBackground): Arjun Sethi's designation was changed from Nominee Director to Non-Executive Director on April 24, 2025.. The provided search results do not contain any information that corroborates, contradicts, or updates the specific claim regarding Arjun Sethi's designation change in Shiprocket Limited. The search results focus on general SEBI actions, investor complaints, and other market news. - **NONE** (SubsidiaryPerformance): The company acquired Shiprocket Omuni in the financial year 2022-23.. The provided search results do not contain information confirming or denying the acquisition of Shiprocket Omuni by the company in the financial year 2022-23. The search results primarily focus on the stock performance and financial data of Shiprocket Ltd. ## Common questions ### How big is the Shiprocket Limited IPO? Shiprocket Limited's IPO comprises an offer for sale of 7.55 Cr shares, according to its Prospectus. The price band was ₹92.00 to ₹97.00 per share and the final offer price was ₹97.00 per share. ### What are Shiprocket Limited's revenue and profit? Shiprocket Limited reported revenue from operations of ₹2,024 Cr in FY26, +24.0% versus FY25. Net loss was ₹79 Cr (FY25: loss of ₹74 Cr). Revenue grew at a compound rate of 24.0% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How will Shiprocket Limited use the IPO money? The fresh-issue proceeds are earmarked for: Investment in the growth of our Shiprocket’s platforms primarily for our Emerging Business and for our Core Business (₹366 Cr); investment in marketing initiatives primarily for our Emerging Business and for our Core Business (₹206 Cr); investment in technology infrastructure and capabilities primarily for our Emerging Business and for our Core Business (₹160 Cr); Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon (₹210 Cr); Funding inorganic growth through unidentified acquisitions and general corporate purposes (₹249 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Shiprocket Limited's Prospectus? We fact-checked 39 claims from the filing against the open web: 0 raised a high concern, 1 medium and 3 low. The most notable: The search results do not explicitly state the incorporation date of Shiprocket Omuni Private Limited. One result mentions that Shiprocket was incorporated in… This is an automated screen, not a verdict; each finding links to its sources. ### What does Shiprocket Limited do? The official incorporation date for Shiprocket Omuni Private Limited is a complete mystery. While some sources claim a 2013 founding, other records point to a 2011 incorporation, creating a direct contradiction that raises serious questions about the company's history. ### Who manages the Shiprocket Limited IPO? Book running lead managers: Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited. Registrar to the offer: KFin Technologies Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Shiprocket Limited IPO documents? All 1 filing for Shiprocket Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Shiprocket Limited - Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787287442985.pdf) (Prospectus, filed 21 Aug 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.