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Sun, 20 Sept 2026
09:05:20 pm
Sun, 20 Sept 2026
09:05:20 pm
Rudransh Sangwan
Published at: August 6, 2026, 3:17 PM
Synopsis
Shiprocket IPO opens on August 12, 2026, with a ₹1,617 crore issue at a price band of ₹92 to ₹97. Check Shiprocket IPO GMP, allotment date, subscription details, financials, lot size, listing date, review, valuation, risks, and key investment highlights before applying.
India's IPO market continues to witness strong activity with Shiprocket Limited, one of the country's leading e commerce enablement platforms, set to launch its ₹1,617.48 crore Initial Public Offering (IPO) on August 12, 2026. The public issue comprises a combination of a fresh issue worth ₹885.50 crore and an Offer for Sale (OFS) worth ₹731.98 crore, with the company planning to list its shares on both the BSE and the NSE.
The IPO comes as Shiprocket continues expanding beyond its core shipping business into fulfilment services, omnichannel commerce, cross border logistics, payments, merchant financing and technology solutions. Although the company remains loss making, it has continued to deliver strong revenue growth while strengthening its position in India's rapidly growing digital commerce ecosystem.
| Particulars | Details |
|---|---|
| IPO Type | Book Building IPO |
| IPO Size | ₹1,617.48 Crore |
| Fresh Issue | ₹885.50 Crore |
| Offer For Sale | ₹731.98 Crore |
| IPO Opens | August 12, 2026 |
| IPO Closes | August 14, 2026 |
| Allotment Date | August 17, 2026 (Tentative) |
| Refund Initiation | August 18, 2026 (Tentative) |
| Credit of Shares | August 18, 2026 (Tentative) |
| Listing Date | August 19, 2026 (Tentative) |
| Price Band | ₹92 – ₹97 per share |
| Face Value | ₹10 per share |
| Lot Size | 154 Shares |
| Minimum Investment | ₹14,938 |
| Retail Reservation | Up to 10% of Net Offer |
| QIB Reservation | Not less than 75% of Net Offer |
| NII Reservation | Not more than 15% of Net Offer |
| Listing Exchange | BSE, NSE |
| Lead Managers | Axis Capital, BofA Securities India, JM Financial, Kotak Mahindra Capital |
| Registrar | KFin Technologies Ltd. |
| Latest GMP | ₹15 |
| Estimated Listing Price | ₹112 |
| Expected Listing Gain | 15.46% |
| Retail Subject to Sauda | ₹1,800 |
| Small HNI Subject to Sauda | ₹25,200 |
| Event | Date |
|---|---|
| IPO Opening Date | August 12, 2026 |
| IPO Closing Date | August 14, 2026 |
| Basis of Allotment | August 17, 2026 |
| Refund Initiation | August 18, 2026 |
| Credit of Shares | August 18, 2026 |
| Listing Date | August 19, 2026 |
As of the latest available grey market update, Shiprocket IPO GMP remains flat, indicating a neutral sentiment in the unofficial market. Since trading activity has only recently started, it is still too early to establish a reliable GMP trend.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit per Lot | Trend |
|---|---|---|---|---|---|
| 07-Aug-2026 | ₹97 | ₹15 | ₹112 (15.46%) | ₹2,310 | 🔺 |
| 06-Aug-2026 | ₹97 | ₹14 | ₹111 (14.43%) | ₹2,156 | ➖ |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Investors should conduct their own due diligence before investing in any IPO.
Founded in 2011, Shiprocket has evolved from a shipping aggregation platform into one of India's largest technology driven e commerce enablement companies. The company serves MSMEs, D2C brands, online sellers and enterprise retailers, helping them manage logistics, fulfilment, payments, cross border commerce and customer engagement through an integrated technology platform.
According to the Redseer Report, Shiprocket was India's largest new age end to end e commerce enablement platform by revenue in FY25. Today, the company offers domestic shipping, warehousing, omnichannel commerce through Shiprocket Omuni, international logistics, checkout solutions, marketing tools, business lending and hyperlocal delivery services.
The platform also operates across 146 countries, connecting Indian merchants with major international markets including the United States, United Kingdom, Canada, Europe and Singapore.
While the company continues to invest heavily in growth, its financials indicate consistent expansion in revenue along with a significant reduction in losses compared to earlier years.
| Financials (₹ Crore) | FY26 | FY25 | FY24 |
|---|---|---|---|
| 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 Assets | 2,504.77 | 2,308.62 | 2,051.22 |
| Borrowings | 242.01 | 244.67 | 213.28 |
Revenue increased 24% year on year, reflecting continued growth in merchant adoption and platform usage, although the company remains in the investment phase with net losses.
The company intends to utilise the fresh capital for expanding its technology platform, strengthening customer acquisition and improving financial flexibility.
| Purpose | Amount (₹ Crore) |
|---|---|
| Platform Growth | 365.60 |
| Marketing Initiatives | 205.80 |
| Technology Infrastructure | 159.80 |
| Loan Repayment | 210.00 |
| Acquisitions & General Corporate Purposes | Balance Amount |
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not less than 75% |
| Retail Investors | Not more than 10% |
| Non Institutional Investors (NII) | Not more than 15% |
| Category | Shares | Investment |
|---|---|---|
| Retail Minimum | 154 | ₹14,938 |
| Retail Maximum | 2,002 | ₹1,94,194 |
| Small HNI | 2,156 | ₹2,09,132 |
| Big HNI | 10,318 | ₹10,00,846 |
Shiprocket has established itself as one of India's leading commerce technology platforms by offering an integrated ecosystem for merchants rather than operating only as a logistics provider. The company benefits from a diversified portfolio that includes shipping, fulfilment, cross border commerce, omnichannel retail solutions, merchant financing and digital marketing tools. Its presence across 146 international destinations, technology driven business model and strong merchant network position it well to benefit from the long term growth of India's digital commerce industry.
Despite strong revenue growth, Shiprocket continues to report net losses, meaning investors will closely monitor its path toward sustained profitability. The logistics technology industry is highly competitive, with competition from established logistics providers, ecommerce platforms and emerging technology startups. Future margins, customer acquisition costs, execution of expansion plans and operating leverage will remain important factors after listing.
The Shiprocket IPO provides investors with exposure to one of India's largest digital commerce infrastructure companies operating in a fast growing logistics and ecommerce enablement market. While the company has demonstrated strong revenue growth and continues expanding its service offerings, investors should balance these growth opportunities against its current loss making financial profile. Market participants will also closely monitor subscription levels, institutional demand, Shiprocket IPO GMP, valuation and future profitability before making investment decisions.
The Shiprocket IPO will open for subscription on August 12, 2026, and close on August 14, 2026. Investors can apply through ASBA-supported banks or stockbroking platforms during the subscription period.
The Shiprocket IPO has a price band of ₹92 to ₹97 per share. The minimum application size is 154 equity shares, requiring a minimum investment of ₹14,938 for retail investors at the upper price band.
According to the latest grey market updates, the Shiprocket IPO GMP stands at ₹0, indicating an estimated listing price of ₹97 per share, which suggests no premium over the upper issue price. GMP is unofficial and may change before listing.
The company plans to use the IPO proceeds for expanding its ecommerce platform, marketing initiatives, technology infrastructure development, repayment of certain borrowings, and general corporate purposes, including potential strategic acquisitions.
The Shiprocket IPO offers exposure to India's fast-growing ecommerce logistics and digital commerce ecosystem. Investors should evaluate the company's strong revenue growth, expanding merchant platform, business model, valuation, profitability outlook, competitive landscape, subscription demand and Shiprocket IPO GMP before making an investment decision.
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