Shiprocket Limited IPO
Shiprocket IPO was a Mainboard book-built issue of ₹1,617.49 crore, comprising a Fresh Issue of ₹885.50 crore and an Offer for Sale of ₹731.99 crore. The price band was ₹92 to ₹97 per share, with a lot size of 154 shares.
Shiprocket Limited IPO Details
Shiprocket IPO bidding started on August 12, 2026 and ended on August 14, 2026. The basis of allotment was finalized on August 17, 2026, refunds were initiated on August 18, 2026 and shares were credited to successful applicants' Demat accounts on the same day. The shares were listed on BSE and NSE on August 19, 2026.
Shiprocket Limited IPO GMP
Shiprocket IPO GMP reached ₹36 on the listing day, indicating an estimated listing price of around ₹133 against the ₹97 issue price. The final GMP implied an estimated gain of approximately 37.11%. Shiprocket shares subsequently listed at ₹131 on NSE and ₹129.50 on BSE, showing that GMP was only an unofficial indicator and did not guarantee the actual listing price.
Shiprocket Limited IPO Timeline (Tentative)
Intro text : Shiprocket IPO opened for public subscription on August 12, 2026 and closed on August 14, 2026. The basis of allotment was completed on August 17. Refunds and Demat credit were scheduled for August 18, followed by listing on BSE and NSE on August 19, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Aug 12, 2026 |
| IPO Close Date | Fri, Aug 14, 2026 |
| Basis of Allotment | Fri, Aug 14, 2026 |
| Initiation of Refunds | Tue, Aug 18, 2026 |
| Credit of Shares to Demat | Tue, Aug 18, 2026 |
| Listing Date | Wed, Aug 19, 2026 |
| IPO Opens | August 12, 2026 |
| IPO Closes | August 14, 2026 |
| Basis of Allotment | August 17, 2026 |
| Refund Initiation | August 18, 2026 |
| Credit of Shares to Demat | August 18, 2026 |
| Listing Date | August 19, 2026 |
Shiprocket Limited IPO Lot Size
The Shiprocket IPO lot size was 154 shares. At the upper price band of ₹97 per share, one lot required a minimum investment of ₹14,938. Retail investors could apply for up to 13 lots, or 2,002 shares, amounting to ₹1,94,194.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 154 | 14,938 |
| Retail (Max) | 13 | 2,002 | 1,94,194 |
Shiprocket Limited IPO Reservation
The Shiprocket IPO reserved not more than 50% of the offer for Qualified Institutional Buyers, not less than 15% for Non-Institutional Investors and not less than 35% for Retail Individual Investors. An employee reservation portion was also included in the issue.
Shiprocket Limited IPO Subscription
Shiprocket IPO received 99.38x overall subscription by the close of bidding on August 14, 2026. QIBs subscribed 122.80x, NIIs 88.99x and Retail Individual Investors 46.42x.
| Category | Subscription (times) |
|---|---|
| QIB | 122.80x |
| NII | 88.99x |
| RII | 46.42x |
| Total | 99.38x |
About Shiprocket Limited
Shiprocket Limited is a technology-driven e-commerce enablement platform that provides merchants with logistics, shipping, fulfilment, checkout, marketing and cross-border commerce solutions. The company operates a platform designed to help merchants manage and scale their online businesses across multiple sales channels.
According to its offer documents, Shiprocket's core business includes its domestic shipping platform and shipping applications that enable merchants to access logistics partners, manage order tracking, pickups, secure shipments, weight management and COD remittances. The company has also expanded into fulfilment, cross-border shipping, checkout, marketing and related commerce enablement services.
A notable feature of the company is that it is a professionally managed company and does not have an identifiable promoter under applicable regulations.
Strengths
- Leading new-age e-commerce enablement platform in India.
- Diversified commerce enablement ecosystem beyond logistics.
- Large merchant network and logistics partner integrations.
- Asset-light technology-led business model.
- Multiple growth opportunities across fulfilment, checkout and cross-border commerce.
Risks to Consider
- Intense competition in logistics and e-commerce enablement markets.
- Dependence on merchant transaction volumes and e-commerce growth.
- Continued investments may impact profitability.
- Dependence on third-party logistics and service partners.
- Regulatory and technology-related risks.
Shiprocket Limited Financials (₹ Cr)
Shiprocket Limited reported strong revenue growth over the last three financial years, with revenue from operations increasing from ₹1,315.98 crore in FY2024 to ₹1,632.01 crore in FY2025 and ₹2,024.14 crore in FY2026. The company substantially reduced its loss after tax from ₹595.18 crore in FY2024 to ₹74.45 crore in FY2025, before reporting a PAT loss of ₹79.25 crore in FY2026. Net worth increased from ₹1,284.16 crore in FY2024 to ₹1,524.29 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹1,315.98 Cr | -₹595.18 Cr | ₹2,051.22 Cr | ₹1,284.16 Cr |
| FY2025 | ₹1,632.01 Cr | -₹74.45 Cr | ₹2,308.62 Cr | ₹1,491.23 Cr |
| FY2026 | ₹2,024.14 Cr | -₹79.25 Cr | ₹2,504.77 Cr | ₹1,524.29 Cr |
KPIs & Valuation
At the IPO price band of ₹92–₹97 per share, Shiprocket Limited reported negative earnings for FY2026, so the P/E ratio is not meaningfully applicable. Its FY2026 EPS was approximately -₹1.23, while NAV stood at ₹23.96 per share. The company reported a negative RoNW of 5.20% and negative ROCE of 2.65% for FY2026.
Objects of the Issue
The Fresh Issue proceeds were proposed to be utilised for growth initiatives, technology investments, marketing initiatives, repayment of borrowings, inorganic growth opportunities and general corporate purposes.
- The company proposed to utilise the IPO proceeds for:
- Investment in the growth of Shiprocket's platforms.
- Investment in marketing initiatives.
- Investment in technology infrastructure and capabilities.
- Repayment/prepayment of certain borrowings amounting to ₹210 crore.
- Funding inorganic growth opportunities and general corporate purposes.
Promoters, Lead Managers & Registrar
Shiprocket Limited is a professionally managed company and does not have an identifiable promoter. The IPO had Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited as the Book Running Lead Managers, while KFin Technologies Limited acted as the Registrar to the Issue.
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | 040-79615565 |
| shiprocket.ipo@kfintech.com | |
| Website | KFin Technologies Limited |
Shiprocket Limited IPO Review
Shiprocket operates in the rapidly growing e-commerce enablement segment and has built an integrated platform covering logistics, fulfilment, shipping software, checkout and cross-border commerce solutions. The company benefits from increasing digital commerce adoption and merchant demand for integrated commerce infrastructure.
The IPO consisted of both a Fresh Issue and Offer for Sale, with the Fresh Issue intended to support business growth, technology investments and debt repayment. Strong subscription demand from institutional, non-institutional and retail investors reflected significant market interest in the company.
Investors should evaluate the company's competitive position, growth strategy, financial performance, scalability and profitability trajectory before making investment decisions.
How to Apply
Shiprocket IPO applications could be made through the ASBA process, including UPI-supported applications. The minimum application consisted of one lot of 154 shares, requiring ₹14,938 at the upper price band of ₹97.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Shiprocket IPO.
- Enter the number of lots you want to apply for.
- Select the bid price.
- Enter your valid UPI ID.
- Submit the IPO application.
- Approve the mandate request in your UPI app.
- Complete authentication using your UPI PIN.
- The application amount will be blocked in your bank account until allotment.
Prospectus & Documents
Investors can refer to Shiprocket Limited’s DRHP, RHP and Prospectus for detailed information about the company’s business, financial performance, risk factors, IPO structure, selling shareholders and utilisation of the issue proceeds. The company filed its RHP with the Registrar of Companies in August 2026, and the final Prospectus was filed subsequently with the relevant authorities.
Last updated Aug 27, 2026.