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Sat, 15 Aug 2026
04:02:08 pm
Sat, 15 Aug 2026
04:02:08 pm
Rudransh Sangwan
Published at: August 12, 2026, 9:25 AM
Synopsis
Shiprocket IPO GMP today stands at ₹32, indicating an estimated listing price of ₹129 and a potential 32.99% premium over the ₹97 upper price band. Check GMP trend, subscription, IPO details and listing date.
The Shiprocket IPO opened for subscription on August 12, 2026, with the latest Shiprocket IPO GMP at ₹32. Against the upper price band of ₹97 per share, the latest grey market premium indicates an estimated IPO listing price of ₹129, implying a potential premium of 32.99% over the issue price. The ₹1,617.48 crore IPO has a price band of ₹92 to ₹97 per share and a lot size of 154 shares, making the minimum retail investment ₹14,938 at the upper price band.
The issue is a combination of a ₹885.50 crore fresh issue and an offer for sale worth ₹731.98 crore. The IPO will remain open until August 14, with allotment expected on August 17 and listing scheduled for August 19 on the NSE and BSE. On the first day, the issue was subscribed 0.69 times as of 2:38 PM, with retail investors subscribing 2.59 times, NII investors 0.78 times and QIB investors 0.00 times. The company plans to use the fresh issue proceeds for platform growth, marketing, technology infrastructure and debt repayment.
The grey market premium for the Shiprocket IPO stands at ₹32 as of August 12, 2026, according to the supplied GMP data. With the upper IPO price of ₹97, the latest GMP points to an estimated listing price of ₹129 per share. This represents a potential premium of around 32.99% over the issue price. Based on the 154-share lot size, the estimated profit at the latest GMP is ₹4,928 per lot.
Disclaimer: GMP is sourced from grey market dealers and is indicative only. It is unofficial and should not be considered a guarantee of listing performance. Investors should conduct their own due diligence before investing.
| GMP Date | IPO Price | GMP | Subscription | Estimated Listing Price | Estimated Profit per Lot |
|---|---|---|---|---|---|
| 12 Aug 2026 | ₹97 | ₹32 △ | 0.58x | ₹129 (32.99%) | ₹4,928 |
| 11 Aug 2026 | ₹97 | ₹30 △ | - | ₹127 (30.93%) | ₹4,620 |
| 10 Aug 2026 | ₹97 | ₹27 △ | - | ₹124 (27.84%) | ₹4,158 |
| 09 Aug 2026 | ₹97 | ₹22 △ | - | ₹119 (22.68%) | ₹3,388 |
| 08 Aug 2026 | ₹97 | ₹16 △ | - | ₹113 (16.49%) | ₹2,464 |
| 07 Aug 2026 | ₹97 | ₹14 ➖ | - | ₹111 (14.43%) | ₹2,156 |
| 06 Aug 2026 | ₹97 | ₹14 ➖ | - | ₹111 (14.43%) | ₹2,156 |
Note: Estimated listing price is calculated by adding the GMP to the upper IPO price of ₹97. Estimated profit per lot is based on the 154-share lot size. GMP figures are unofficial and can change before listing.
The IPO was subscribed 0.69 times overall on August 12, 2026, at 2:38 PM on the first day of bidding. Retail investors showed stronger demand, with their portion subscribed 2.59 times. The NII category was subscribed 0.78 times, while the QIB portion had received 0.00 times subscription at the reported time. The employee portion was subscribed 4.23 times.
| Investor category | Subscription |
|---|---|
| QIB | 0.00x |
| NII | 0.78x |
| Retail | 2.59x |
| Employee | 4.23x |
| Total | 0.69x |
The Shiprocket IPO is a ₹1,617.48 crore bookbuilding issue comprising a fresh issue of 9.13 crore shares worth ₹885.50 crore and an offer for sale of 7.55 crore shares worth ₹731.98 crore. The IPO has a price band of ₹92 to ₹97 per share and a lot size of 154 shares.
| IPO detail | Information |
|---|---|
| IPO dates | August 12-14, 2026 |
| Price band | ₹92-₹97 |
| IPO size | ₹1,617.48 Cr. |
| Fresh issue | ₹885.50 Cr. |
| Offer for sale | ₹731.98 Cr. |
| Lot size | 154 shares |
| Minimum retail investment | ₹14,938 |
| Employee discount | ₹9 |
| Listing | NSE and BSE |
| Expected listing date | August 19, 2026 |
| Face value | ₹10 per share |
| Market cap at upper price | ₹7,057.50 Cr. |
The IPO opened on August 12 and will close on August 14. The Shiprocket IPO allotment is expected to be finalised on August 17, followed by refunds and credit of shares on August 18. The tentative listing date is August 19 on the NSE and BSE.
| IPO event | Date |
|---|---|
| IPO opening | August 12, 2026 |
| IPO closing | August 14, 2026 |
| Allotment | August 17, 2026 |
| Refund | August 18, 2026 |
| Credit of shares | August 18, 2026 |
| Listing | August 19, 2026 |
The net public offer is divided between QIB, NII and retail investors. QIB investors have been allocated 75% of the net issue, while NII investors have 15% and retail investors 10%. The issue also includes a separate employee reservation of 1,13,636 shares.
| Investor category | Shares offered | Share of net issue |
|---|---|---|
| QIB | 12,49,85,953 | 75.00% |
| NII | 2,49,97,191 | 15.00% |
| Retail | 1,66,64,794 | 10.00% |
| Employee | 1,13,636 | Separate reservation |
The company plans to use the fresh issue proceeds for investment in its platforms, marketing initiatives and technology infrastructure. Around ₹365.60 crore is proposed for investment in Shiprocket's platforms, while ₹205.80 crore is earmarked for marketing. Another ₹159.80 crore is planned for technology infrastructure and capabilities. The company also plans to use ₹210 crore for repayment or prepayment of certain borrowings.
| IPO object | Amount |
|---|---|
| Investment in platforms | ₹365.60 Cr. |
| Marketing initiatives | ₹205.80 Cr. |
| Technology infrastructure | ₹159.80 Cr. |
| Repayment/prepayment of borrowings | ₹210.00 Cr. |
| Inorganic growth and general corporate purposes | Balance |
| Total specified amount | ₹941.20 Cr. |
Shiprocket's consolidated total income increased to ₹2,077.42 crore in FY26 from ₹1,674.82 crore in FY25. However, the company remained loss-making, with its loss after tax widening to ₹79.25 crore from ₹74.45 crore. EBITDA loss stood at ₹16.56 crore in FY26 compared with ₹17.16 crore in FY25. Total borrowings stood at ₹242.01 crore at the end of FY26.
| Financial metric | FY26 | FY25 |
|---|---|---|
| Total Income | ₹2,077.42 Cr. | ₹1,674.82 Cr. |
| Profit After Tax | -₹79.25 Cr. | -₹74.45 Cr. |
| EBITDA | -₹16.56 Cr. | -₹17.16 Cr. |
| Net Worth | ₹1,524.29 Cr. | ₹1,491.23 Cr. |
| Total Borrowings | ₹242.01 Cr. | ₹244.67 Cr. |
Shiprocket is an Indian e-commerce enablement company that provides technology-based services for MSMEs, D2C brands and larger retailers. It began as a shipping platform and has expanded into fulfilment, cross-border shipping, cargo and heavy logistics, advertising and marketing, checkout and payment solutions and other merchant services.
According to the supplied information, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25 based on the Redseer Report. Its international shipping network covers five major lanes connecting India with the US, UK, Canada, Europe and Singapore, and it served customers in 146 countries during FY26.
Shiprocket remains loss-making, which means conventional P/E valuation is not meaningful. The supplied IPO data shows negative EPS of ₹1.25 on a pre-IPO basis and a negative P/E of 77.6 times. The market capitalisation at the upper price is estimated at ₹7,057.50 crore, while the price-to-book value is 4.05 times.
| Valuation metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | -₹1.25 | Negative |
| P/E | -77.6x | Negative |
| Market cap at offer price | ₹6,172 Cr. | ₹7,057.50 Cr. |
| Price to Book Value | 4.05x | - |
| NAV | ₹23.96 | - |
The latest Shiprocket IPO GMP of ₹32 indicates an estimated listing price of ₹129 if the current grey market premium holds until listing. The GMP has risen from ₹14 on August 6 to ₹32 on August 12, while the IPO has received stronger initial demand from retail investors. At the same time, the company remains loss-making and the QIB portion had not received bids at the reported time on the first day. Investors should therefore consider the GMP alongside the company's financial performance, valuation, use of IPO proceeds and subscription data before making an investment decision.
The latest Shiprocket IPO GMP is ₹32 as of August 12, 2026. Against the upper IPO price of ₹97, the current GMP indicates an estimated listing price of ₹129 per share.
Based on the latest GMP of ₹32, the estimated Shiprocket IPO listing price is ₹129. This is calculated by adding the ₹32 GMP to the upper IPO price of ₹97.
The latest GMP of ₹32 implies a potential premium of around 32.99% over the upper issue price of ₹97. Based on the 154-share lot size, the estimated gain is ₹4,928 per lot if the GMP translates fully into the listing price.
No. GMP is unofficial and reflects activity in the grey market. It can change before the actual listing and should not be treated as a guaranteed listing price or return.
The Shiprocket IPO GMP has increased from ₹14 on August 6 to ₹32 on August 12, 2026. The supplied data shows the GMP rising each day from August 8 onward.
The Shiprocket IPO price band is ₹92 to ₹97 per share. The upper price of ₹97 is used to calculate the current GMP-based estimated listing price.
The Shiprocket IPO lot size is 154 shares. At the upper price of ₹97, the minimum retail investment is ₹14,938.
The tentative Shiprocket IPO listing date is August 19, 2026, on both the NSE and BSE.
The Shiprocket IPO opened on August 12 and will close on August 14, 2026.
The IPO was subscribed 0.69 times overall on August 12 at 2:38 PM on the first day. The retail portion was subscribed 2.59 times, NII 0.78 times and QIB 0.00 times at the reported time.
The total Shiprocket IPO size is ₹1,617.48 crore, consisting of a fresh issue of ₹885.50 crore and an offer for sale of ₹731.98 crore.
If the GMP remains at ₹32, the estimated IPO listing price would be ₹129 per share, calculated as ₹97 plus ₹32.
Yes. IPO GMP can move up or down before listing based on grey market activity and market conditions. The actual listing price may differ from the GMP-based estimate.
A positive Shiprocket IPO GMP means the shares are being quoted at a premium in the unofficial grey market compared with the IPO issue price. It indicates current grey market sentiment but does not guarantee listing gains.
No. Based on the supplied FY26 financial data, Shiprocket reported a loss after tax of ₹79.25 crore and an EBITDA loss of ₹16.56 crore.
Shiprocket's consolidated total income increased to ₹2,077.42 crore in FY26, compared with ₹1,674.82 crore in FY25.
The company plans to use the fresh issue proceeds for platform investment, marketing, technology infrastructure and repayment or prepayment of borrowings. About ₹210 crore is earmarked for debt repayment.
The minimum retail application is one lot of 154 shares. At the upper price of ₹97, this requires an investment of ₹14,938.
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