Shiprocket IPO
Shiprocket IPO Details
-
Open Date
12 Aug 2026
-
Close Date
14 Aug 2026
- IPO Price Range
₹ 92 to ₹97
- IPO Size
₹ 1,617.48 Cr
Shiprocket IPO Timeline
Shiprocket IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Aug-2026 | 0.02 | 1.28 | 3.49 | 1.00 |
| 13-Aug-2026 | 0.03 | 5.04 | 10.19 | 3.26 |
| 14-Aug-2026 | 125.20 | 92.58 | 48.38 | 102.28 |
Last Updated: 14 August 2026 5:38 PM by 5paisa
Shiprocket is an end-to-end, technology-led platform enabling Indian MSMEs and large retailers to run e-commerce operations seamlessly. Initially focused on domestic shipping, it now offers fulfilment, omnichannel commerce, cross-border logistics, payments, marketing, and merchant solutions. As per Redseer, it is India’s largest new-age e-commerce enablement platform by FY25 revenue, serving over 145,000 merchants through a usage-based pricing model.
Established in: 2017
Managing Director: Saahil Goel
Peers :
| Metric | Shiprocket Limited | Unicommerce Esolutions Limited |
|---|---|---|
| Face Value (₹ per share) | 10 | 1 |
| Closing Price on July 22, 2026 (₹)(A) | NA | 85.00 |
| Revenue from Operations (in ₹ Cr) | 20241.41 | 2043.38 |
| EPS Basic | -1.23 | 1.79 |
| EPS Diluted | -1.24 | 1.78 |
| NAV | 23.96 | 17.17 |
| Price / Earnings Ratio (A)/(B) | - | 47.75 |
| Return on Net Worth (RoNW) (%) | -5.20 | 10.60 |
| Market Capitalization as on July 22, 2026 (in ₹ billion) | - | 9.55 |
| EV/Revenue from Operations (x times) | - | 4.69 |
| EV to EBITDA | - | 24.25 |
| ROCE (%) | -2.65 | 14.60 |
Shiprocket Objectives
1. The company will invest in platform growth initiatives.
2. Marketing investments to accelerate emerging and core businesses.
3. Technology infrastructure upgrades to strengthen business capabilities.
4. Repayment or prepayment of borrowings including accrued interest.
5. Funding inorganic growth and general corporate purposes.
Shiprocket IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1,617.48 Cr |
| Offer For Sale | ₹731,98 Cr |
| Fresh Issue | ₹885.50 |
Shiprocket IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 1 | 154 | 14,168 |
| Individual investors (IND) (Max) | 13 | 2,002 | 1,94,194 |
| S - HNI (Min) | 14 | 2,156 | 1,98,352 |
| S - HNI (Max) | 66 | 10,164 | 9,85,908 |
| B - HNI (Min) | 67 | 10,318 | 9,49,256 |
Shiprocket IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 125.20 | 4,99,94,385 | 6,25,93,38,316 | 60,715.58 |
| Non-Institutional Buyers | 92.58 | 2,49,97,191 | 2,31,43,57,892 | 22,449.27 |
| bNII | 103.18 | 1,66,64,794 | 1,71,95,35,048 | 16,679.49 |
| sNII | 71.39 | 83,32,397 | 59,48,22,844 | 5,769.78 |
| Individual Investors (IND category bidding for 2 Lots) | 48.38 | 1,66,64,794 | 80,61,66,746 | 7,819.82 |
| Total** | 102.28 | 9,17,70,006 | 9,38,65,50,404 | 91,049.54 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 1315.98 | 1632.01 | 1315.98 |
| EBITDA | -495.89 | -17.16 | -16.56 |
| PAT | -595.18 | -74.45 | -79.25 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 2051.22 | 2308.62 | 2504.77 |
| Share Capital | 0.05 | 0.06 | 636.25 |
| Total Liabilities | 765.04 | 817.37 | 980.46 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | -215.99 | 1.90 | 52.64 |
| Net Cash Generated From / (used in) Investing Activities | 175.67 | -143.97 | 53.18 |
| Net Cash Generated From / (used in) Financing Activities | -2.45 | 152.83 | -44.86 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -42.77 | 10.75 | 60.96 |
Strengths
1. End-to-end e-commerce enablement platform for merchants
2. Largest new-age platform by FY25 revenue
3. Strong MSME-focused, asset-light technology model
4. Wide service stack beyond core shipping
Weaknesses
1. Profitability dependent on scale and volumes
2. High competition in logistics enablement space
3. Margins sensitive to shipping and fuel costs
4. Heavy reliance on MSME e-commerce growth
Opportunities
1. Rapid growth in Indian e-commerce penetration
2. Cross-border trade expansion for Indian sellers
3. Omnichannel retail adoption by offline merchants
4. Financial services and SaaS upselling potential
Threats
1. Regulatory changes in logistics and trade
2. Technology disruption increasing platform costs
3. Pricing pressure in highly competitive ecosystem
4. Slowdown in MSME digital adoption cycles
1. Leader in end-to-end e-commerce enablement
2. Asset-light, usage-based scalable revenue model
3. Strong exposure to MSME digital growth
4. Expanding platform beyond logistics into SaaS
India’s e-commerce enablement and logistics technology industry is benefiting from rapid online retail growth, MSME digitisation, and omnichannel adoption. With millions of small sellers moving online and cross-border trade increasing, demand for integrated shipping, fulfilment, payments, and software platforms is rising. As sellers prefer end-to-end, tech-driven solutions over fragmented services, Shiprocket is well positioned to scale alongside India’s expanding digital commerce ecosystem.
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FAQs
Shiprocket IPO opens from August 12, 2026 to August 14, 2026.
The size of Shiprocket IPO is ₹1,617.48 Cr.
The price band of Shiprocket IPO is fixed at ₹92 to ₹97.
Once the Shiprocket IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Shiprocket IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shiprocket IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Shiprocket IPO is of 154 shares and the investment required is ₹14,168.
The share allotment date of Shiprocket IPO is August 17, 2026
The listing date of Shiprocket IPO is August 19, 2026
Axis Capital Ltd is the book running lead managers for Shiprocket IPO.
1. The company will invest in platform growth initiatives.
2. Marketing investments to accelerate emerging and core businesses.
3. Technology infrastructure upgrades to strengthen business capabilities.
4. Repayment or prepayment of borrowings including accrued interest.
5. Funding inorganic growth and general corporate purposes.