Shiprocket IPO
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Shiprocket IPO details
Schedule of Shiprocket
| Issue open date | 12 Aug 2026 |
| Issue close date | 14 Aug 2026 |
| UPI mandate deadline | 14 Aug 2026 (5 PM) |
| Allotment finalization | 17 Aug 2026 |
| Refund initiation | 18 Aug 2026 |
| Share credit | 18 Aug 2026 |
| Listing date | 19 Aug 2026 |
| Mandate end date | 29 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 15 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shiprocket
Shiprocket Limited is an e-commerce enablement platform, providing a comprehensive suite of technology solutions designed to help merchants scale their online businesses. Its offerings are organized into two main segments: Core Business and Emerging Business.
The Core Business focuses on streamlining logistics, order fulfillment, and managing returns. It generates ~73% revenues and is profitable at operating level. The Emerging Business extends the company’s services to include cargo and fulfillment solutions with warehousing, cross-border shipping, and ads and marketing tools like a one-click checkout platform. This business is still small and not profitable.
Shiprocket also facilitates access to capital solutions by connecting merchants with lending partners and provides hyperlocal, on-demand delivery services, functioning as an integrated platform for various e-commerce operational needs.
Financials of Shiprocket
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1617.48 |
| Fresh Issue – Proceeds go to the company | 885.50 |
| Offer for sale – Proceeds go to the existing investors | 731.98 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Investment in platform growth | 365.6 (41.30%) |
| Repayment/prepayment of borrowings (including interest) | 210 (23.70%) |
| General corporate purposes | 309.9 (35%) |
Strengths
- Tech-enabled, end-to-end e-commerce and logistics enablement platform
- Large and diversified merchant base across MSMEs and enterprises
- Asset-light, scalable platform integrated with multiple logistics partners
- Broad product suite covering shipping, fulfilment, and cross-border services
- A professionally managed company with no promoters; founders each own under 5%
Risks
- History of losses and potential continuation of negative cash flows
- Over 80% of logistics is handled by the top 5 vendors, suggesting concentration risk
- High competition in e-commerce enablement and logistics markets
- Exposure to regulatory and policy changes
- Technology failures or outages could disrupt operations
Subscription Figures for Shiprocket
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 13, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 509.70 | 12.37 | 0.02x |
| NII | 174.92 | 919.88 | 3.54x |
| Retail | 408.16 | 1214.40 | 7x |
| Employees | 1.67 | 11.87 | 9.85x |
| Total | 817.98 | 2158.52 | 2.29x |