Shiprocket IPO: The big bet on India's e-commerce gap
Shiprocket is hitting the stock market with a Rs 1,617 crore IPO, open August 12 to 14, and the numbers pull you in two directions at once. Revenue surged 54% in two years, from Rs 1,316 crore in FY24 to Rs 2,024 crore in FY26, and the core business is running at a 12% adjusted EBITDA margin. But nearly 45% of the raise goes straight to existing shareholders, not the company. This episode covers the business model, the emerging segment doubling its revenue share, India's 8% e-commerce penetration, and three consecutive years of auditor qualifications that every retail investor needs to weigh…
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