Shiprocket IPO
Shiprocket IPO
Overview
Shiprocket IPO is a book build issue of ₹1,617.48 crores. The issue is a combination of fresh issue of 9.13 crore shares aggregating to ₹885.50 crores and offer for sale of 7.55 crore shares aggregating to ₹731.98 crores. Shiprocket IPO opens for subscription on Aug 12, 2026 and closes on Aug 14, 2026. The allotment for the Shiprocket IPO is expected to be finalized on Aug 17, 2026. Shiprocket IPO will list on NSE and BSE with a tentative listing date fixed as Aug 19, 2026. Shiprocket IPO is set issue price band at ₹92 to ₹97 per share. The lot size for an application is 154 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,938 (154 shares) (based on upper price). Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
16,67,61,566
Issue Size
₹1,617 Cr
Price Band
₹92 – ₹9297
Lot Size
154 shares
Min. Investment
₹14,31,738
Max. Investment
₹1,86,12,594
Open Date
12 Aug, 2026
Close Date
14 Aug, 2026
Allotment
17 Aug, 2026
Listing
19 Aug, 2026
Max. Investment
₹1,86,12,594
Announced
12 Aug, 2026
Opening Date
12 Aug, 2026
Closing Date
14 Aug, 2026
Basis of Allotment
17 Aug, 2026
Initiation of Refunds
18 Aug, 2026
Credit of Shares
18 Aug, 2026
Listing Date
19 Aug, 2026
Live GMP
Est. Listing: ₹9319
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About Shiprocket IPO
Incorporated in 2011, Shiprocket is an Indian e-commerce enablement company. It provides technology-driven solutions that help micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands, and large retailers manage and grow their online and offline businesses. According to the Redseer Report, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25.
The company initially started as a shipping platform. Its core services include
Shiprocket IPO Share Price
Issue Breakdown
Shareholding
Dilution: 14.3% increase in shares
Shiprocket IPO Financial Health
Shiprocket Ltd.'s revenue increased by 24% and profit after tax (PAT) dropped by 6% between the financial year ending with March 31, 2026 and March 31, 2025.
Shiprocket IPO Lot Size
Investors can bid for a minimum of 154 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 154 | ₹14,31,738 |
| Retail (Max) | 13 | 2002 | ₹1,86,12,594 |
| S-HNI (Min) | 14 | 2156 | ₹2,00,44,332 |
| S-HNI (Max) | 66 | 10164 | ₹9,44,94,708 |
| B-HNI (Min) | 67 | 10318 | ₹9,59,26,446 |
(All values in CR)
Shiprocket IPO Valuations
| Metric | Value |
|---|---|
| ROCE | -2.65 |
| RoNW | -5.20 |
| NAV | 23.96 |
| Price to Book Value | 4.05 |
(All values in CR)
Shiprocket IPO Strength & Risk
Shiprocket IPO – Strengths
- Strong position in e-commerce logistics: Shiprocket provides technology-enabled logistics and fulfilment solutions for online sellers, benefiting from India’s expanding e-commerce ecosystem.
- Large merchant network: Its established base of online sellers provides scale and strengthens its position in the e-commerce enablement market.
- Strong revenue growth: Revenue from operations increased from around ₹1,358 crore in FY24 to ₹2,077 crore in FY26.
- Improving losses: The company significantly reduced its loss from about ₹595 crore in FY24 to ₹74 crore in FY25, although it remained loss-making in FY26.
- Technology-led business model: Its logistics technology platform can help merchants manage shipping, fulfilment and related e-commerce operations through an integrated platform.
- IPO funding for growth: The fresh issue of about ₹886 crore is expected to provide capital for strengthening the business and expanding its capabilities.
- Favourable industry opportunity: Continued growth in India's online commerce and digital retail ecosystem could provide a long-term growth opportunity for Shiprocket.
Shiprocket IPO – Risks
- Company is still loss-making: Shiprocket reported a loss of about ₹79 crore in FY26, showing that profitability remains a key concern.
- High competition: The company operates in a competitive logistics and e-commerce enablement market, with established logistics companies and technology platforms competing for merchants.
- Profitability depends on scale: The company needs continued revenue growth and better operating efficiency to convert its expanding business into sustainable profits.
- Dependence on e-commerce growth: Any slowdown in online retail, consumer spending or e-commerce order volumes could affect shipping volumes and revenue.
- Customer and merchant concentration: Losing major merchants or failing to retain sellers could negatively affect transaction volumes and financial performance.
- Logistics cost pressure: Fuel costs, delivery expenses, manpower costs and third-party logistics charges can put pressure on margins.
Shiprocket IPO GMP
Shiprocket IPO last GMP is ₹22, last updated Aug 10th 2026 08:33 AM. With the upper price band of ₹97.00, Shiprocket IPO's estimated listing price is ₹119 (cap price + today's GMP). The expected percentage gain/loss per share is 22.68%. >> Shiprocket IPO Retail Subject to Sauda: ₹2600 >> Shiprocket IPO Small HNI Subject to Sauda: ₹36400 During this period, the GMP ranged from a low of ₹14.00 to a high of ₹22.00.
Last updated 10 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 10 Aug, 2026 | 97 | ₹22 | - | ₹119 (22.68%) | 3388 | 10 Aug, 2026 |
| 09 Aug, 2026 | 97 | ₹22▲ | - | ₹119 (22.68%) | 3388 | 09 Aug, 2026 |
| 08 Aug, 2026 | 97 | ₹16▲ | - | ₹113 (16.49%) | 2464 | 08 Aug, 2026 |
| 07 Aug, 2026 | 97 | ₹14 | - | ₹111 (14.43%) | 2156 | 07 Aug, 2026 |
| 06 Aug, 2026 | 97 | ₹14 | - | ₹111 (14.43%) | 2156 | 06 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shiprocket IPO
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Go to IPO Section
Find Shiprocket IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.