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Shiprocket IPOLISTED
Shiprocket is an Indian e-commerce enablement platform offering shipping, fulfilment, cross-border logistics, omnichannel commerce, advertising, payments and other merchant solutions.
Listing price
₹131
Listing gain
+35.05%
Current
₹131
Listed
19 Aug 26
Opens
12 Aug 26Closes
14 Aug 26Allotment
17 Aug 26Refund
18 Aug 26Demat
18 Aug 26Listing
19 Aug 26Listed at
₹131
+35.05% on 19 Aug 26
Overview
Price band
₹92-97
Lot size
154 shares
Min. investment
₹14,938
Issue size
₹1617.48 Cr
16.68 Cr shares
Fresh issue
₹885.5 Cr
9.13 Cr shares
Offer for sale
₹731.98 Cr
7.55 Cr shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Employee discount
₹9.00
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| QIB | 4,99,94,385 | 74.95% |
| NII (HNI) | 2,49,97,191 | 14.99% |
| B-HNI | 1,66,64,794 | 9.99% |
| S-HNI | 83,32,397 | 5% |
| Individual | 1,66,64,794 | 9.99% |
| Employee | 1,13,636 | 0.07% |
| Total | 9,17,70,006 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 154 | ₹14,938 |
| Retail (Max) | 13 | 2,002 | ₹1,94,194 |
| S-HNI (Min) | 14 | 2,156 | ₹2,09,132 |
| S-HNI (Max) | 66 | 10,164 | ₹9,85,908 |
| B-HNI (Min) | 67 | 10,318 | ₹10,00,846 |
Listing performance
NSE/BSE: SHIPROCKETListing gain
+35.05%
Gain per retail lot
₹5,236
Latest vs issue
—
GMP was
₹31 (+31.96%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Shiprocket Live GMP
Latest GMP
₹31
All-time high
₹31
All-time low
₹31
Subscription
15 Aug, 12:00 amOversubscribed 102.27 times · 47,91,739 applications
Total applications
47,91,739
Total bid amount
₹91,037 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 4,99,94,385 | 6,25,93,38,316 | 125.20x | ₹60,716 Cr |
| NII (HNI) | 2,49,97,191 | 2,31,44,03,938 | 92.59x | ₹22,450 Cr |
| B-HNI | 1,66,64,794 | 1,71,95,35,048 | 103.18x | ₹16,679 Cr |
| S-HNI | 83,32,397 | 59,48,68,890 | 71.39x | ₹5,770 Cr |
| Retail | 1,66,64,794 | 80,48,52,202 | 48.30x | ₹7,807 Cr |
| Employee | 1,13,636 | 66,87,758 | 58.85x | ₹64.87 Cr |
| Total | 9,17,70,006 | 9,38,52,82,214 | 102.27x | ₹91,037 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 7,729 | 1,63,895 | 21.21x |
| S-HNI | 3,865 | 2,65,608 | 68.72x |
| Retail | 1,08,213 | 43,25,800 | 39.97x |
| Employee | 0 | 23,742 | — |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROCE
-2.65%
Price to Book Value
4.05
RoNW
-5.2%
Valuation vs listed peers
EPS Pre IPO
-₹1.25
P/E Pre IPO
-77.6
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Unicommerce Esolutions Limited | 47.75 | — | — | — |
Peer median P/E 47.8× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+53.0%
P/E vs peer median
-77.6× vs 47.8×
- Priced below its listed-peer median P/E.
Strengths & risks
- India’s leading e-commerce enablement platform.
- Diversified offerings beyond shipping.
- Large merchant base with strong transaction volumes.
- Asset-light, technology-driven business model.
- Scalable platform with AI-driven solutions.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business and for Core Business. | 365.6 |
| Investment in marketing initiatives primarily for the Emerging Business and for the Core Business. | 205.8 |
| Investment in technology infrastructure and capabilities primarily for the Emerging Business and for the Core Business. | 159.8 |
| Repayment / prepayment, in full or in part, of certain borrowings availed of by the Company including payment of the interest accrued thereon. | 210 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes. | - |
Company & documents
Shiprocket Limited is a technology-driven e-commerce enablement platform offering shipping, fulfilment, payments, cross-border logistics, and marketing solutions. Its integrated platform helps merchants efficiently manage their entire e-commerce operations through a single interface.
Its service portfolio includes:
- Marketing & Customer Engagement: AI-powered customer communication, marketing automation, and post-purchase engagement tools.
- Shipping & Logistics: Multi-courier shipping, order management, tracking, and returns.
- Fulfillment Solutions: Warehousing, inventory management, and fulfillment services through its fulfillment network.
- Cross-Border Commerce: International shipping and export solutions for Indian merchants.
- Financial Services: Payment collection, checkout, and working capital solutions.
The company operates an asset-light, technology-led platform that connects merchants with courier partners, marketplaces, and service providers, serving SMEs, D2C brands, and large enterprises through a single integrated platform.
As of Fiscal 2026, Shiprocket’s platform supported 214,769 active merchants, who processed 202.08 million unique transactions and served 69.58 million end consumers. The company also had 10,090 Power Merchants, reflecting its strong presence across businesses of all sizes.
As of March 31, 2026, Shiprocket had 1,063 permanent employees.
Registrar
Company contact
Shiprocket Ltd.
416, Phase III, Udyog Vihar, Sector 20, Gurugram, Haryana, 122008
Phone: 9711623070
Email: support@shiprocket.in
Book running lead managers
- Axis Capital Ltd.
- BOFA Securities India Ltd.
- JM Financial Ltd.
- Kotak Mahindra Capital Co.Ltd.
Promoters
- No Identifiable Promoter