Shiprocket Limited IPO is set to launch its IPO for public subscription on August 12, 2026, and will remain open until August 14, 2026.
The Shiprocket IPO price band is set at ₹92–₹97 per equity share. The allotment is expected to be finalised on August 17, 2026.
The Shiprocket IPO is a ₹1,617.48 crore book-building issue, comprising a fresh issue of ₹885.50 crore and an offer for sale (OFS) of up to 7,54,62,363 equity shares (₹731.98 crore), with a face value of ₹10 each.
Business Overview of Shiprocket
Shiprocket Limited, headquartered in Delhi, is India's largest new-age end-to-end e-commerce enablement platform by revenue (FY25). The company provides technology-driven logistics, fulfilment, and commerce solutions to MSMEs, D2C brands, and large retailers.
The platform handles over 70 million shipments annually with a Gross Merchandise Value (GMV).
Shiprocket serves customers across 146 countries through international shipping across 5 major shipping lanes.
Shiprocket Subscription
| Category | Offered | Applied | Times |
|---|---|---|---|
| Total | 91770006 | 93085454 | 1.01 |
| QIBs | 49994385 | 1184568 | 0.02 |
| HNIs | 24997191 | 32104688 | 1.28 |
| HNIs 10+ | 16664794 | 12994674 | 0.78 |
| HNIs 2+ | 8332397 | 19110014 | 2.29 |
| Retail | 16664794 | 59161410 | 3.55 |
| Employees | 113636 | 634788 | 5.59 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| Total Applications: 301387 | |||
| © IPO Premium | |||
| HNIs (10L+) | 7729 | 1168 | 0.15 |
| HNIs (2-10L) | 3865 | 8119 | 2.1 |
| Retail | 108213 | 290537 | 2.68 |
| Employee | - | 1563 | - |
Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 484.95 | 11.49 | 0.02 |
| FIIs | - | 10 | - |
| DIIs | - | 0 | - |
| Mutual funds | - | 0 | - |
| Others | - | 1.49 | - |
| HNIs | 242.47 | 311.42 | 1.28 |
| HNIs 10+ | 161.65 | 126.05 | 0.78 |
| HNIs 2+ | 80.82 | 185.37 | 2.29 |
| Retail | 161.65 | 573.87 | 3.55 |
| Employees | 1.1 | 6.16 | 5.59 |
| Total | 890.17 | 902.93 | 1.01 |
QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0 | @9% ₹0 | @10% ₹0 | @11% ₹0 | @12% ₹0 |
Shiprocket Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 154 | 14938 | 108213 |
| sHNI | 14 | 2156 | 209132 | 3865 |
| bHNI | 67 | 10318 | 1000846 | 7729 |
Shiprocket Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 166761574 | 100% |
| Anchor | 74991568 | 44.97% |
| QIB | 49994385 | 29.98% |
| HNI | 24997191 | 14.99% |
| Retail | 16664794 | 9.99% |
| Employee | 113636 | 0.07% |
Shiprocket About
IPO Details
| Total Issue Size | 16,67,61,574 shares (aggregating up to ₹1617.48 Cr) |
| Fresh Issue | 91,299,203 shares (aggregating up to ₹885.50 Cr) |
| Offer For Sale | 75,462,371 shares (aggregating up to ₹731.98 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE,NSE |
| Share Holding Pre Issue | 636,278,384 shares |
| Share Holding Post Issue | 72,75,77,587 shares |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | -5.20% | -4.99% | -46.13% |
| EPS (BASIC) | -1.23 | -1.24 | -10.32 |
| P/E Pre IPO | -77.6 | ||
| P/E POST IPO | -VE |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 2,504.77 | 2,308.62 | 2,051.22 |
| Total Income | 2,077.42 | 1,674.82 | 1,357.83 |
| Profit After Tax | -79.25 | -74.45 | -595.18 |
| EBITDA | -16.56 | -17.16 | -495.89 |
| Net Worth | 1,524.29 | 1,491.23 | 1,284.16 |
| Total Borrowing | 242.01 | 244.67 | 213.28 |
Peers Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Shiprocket Limited | -77.6 | 97 | 10 |
| Unicommerce Esolutions Limited | 47.75 | 85 | 1 |
Source: RHP,P/E ratio has been computed based on the closing market price of equity shares on BSE as on July 22, 2026, divided by the Diluted EPS for year ended March 31, 2026. company P/E and CMP are computed as per upper price band of issue.we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation, and the CMP has been represented by the IPO issue price (upper price band).
Peers Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Shiprocket Limited | 23.96 | -5.20% | -1.23 |
| Unicommerce Esolutions Limited | 17.17 | 10.60% | 1.79 |
About Company
Originally incorporated in 2011 as Bigfoot Retail Solutions Private Limited, the company was renamed Shiprocket Private Limited in 2024 and subsequently converted into a public limited company as Shiprocket Limited in February 2025.
Shiprocket is India’s largest new-age end-to-end e-commerce enablement platform (by FY25 revenue, as per the Redseer Report), offering AI-powered technology solutions that help MSMEs, D2C brands, and large retailers manage and scale their e-commerce operations.
The company provides a comprehensive suite of services covering the entire e-commerce value chain, including shipping, order fulfilment, checkout, payments, buyer communication, returns management, cross-border logistics, and omnichannel commerce. Its AI-driven platform leverages data, workflows, and supply chain capabilities to simplify merchant operations and enhance the customer experience.
Initially launched as a shipping platform, Shiprocket's core business includes domestic shipping services with features such as instant pickups, order tracking, secure deliveries, weight reconciliation, and faster COD remittances. Over time, the company has expanded its offerings to include fulfilment centres, cargo and heavy logistics, omnichannel solutions through Shiprocket Omuni, international shipping with customs support, advertising and marketing solutions, checkout and payment tools, business financing, hyperlocal deliveries, and other merchant services.
The company primarily follows a usage-based revenue model, where merchants are charged based on platform usage, such as transaction volumes and order values processed.
Strength
Market-Leading E-commerce Enablement Platform: India's largest new-age end-to-end horizontal e-commerce enablement platform with a large merchant base and extensive customer reach.
Scalable Self-Serve Platform: Easy-to-use self-service platform enabling seamless merchant onboarding with minimal support, delivering an enterprise-grade experience.
AI & Technology-Driven Operations: AI, data, and automation-powered platform with scalable, secure, and high-reliability infrastructure that supports efficient large-scale operations.
Risk Factors
Acquisition & Integration Risk: Failure to successfully acquire, integrate, or generate expected returns from acquisitions and strategic investments could impact growth and profitability.
Merchant Performance Risk: The company’s revenue depends on its merchants' sales and transaction volumes. Weak merchant performance or reduced customer demand could adversely impact revenue and cash flows.
Dependence on Ecosystem Partners: Cross-border operations rely on third-party ecosystem and supply chain partners. Any disruption or underperformance by these partners could affect business performance.
Shiprocket Lead Manager(s)
- Axis Capital Limited
- Bofa Securities India Limited
- Jm Financial Limited
- Kotak Mahindra Capital Company Limited
Shiprocket Address
Shiprocket Ltd. Address
416, Phase III, Udyog Vihar,
Sector 20,
Gurugram, Haryana, 122008
Phone: 9711623070
E-Mail: support@shiprocket.in
Website: https://www.shiprocket.in/
Shiprocket Registrar
https://ipostatus.kfintech.com/
Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.