Shiprocket IPO: Strong Debut with 35% Premium on NSE
By ThePip Desk
Shiprocket shares listed on NSE at Rs 131, a 35.05% premium over its Rs 97 issue price, exceeding Street estimates and marking a successful IPO.
Shiprocket shares debuted on the National Stock Exchange (NSE) with a substantial 35.05% premium on Wednesday, August 19, 2026. The e-commerce shipping and logistics automation platform listed at Rs 131 apiece, significantly exceeding its issue price of Rs 97 per share. This strong performance on debut was consistent with Street estimates, which had anticipated a 36% premium.
Listing Snapshot
- NSE Listing Price: Rs 131
- BSE Debut Price: Rs 129.50
- Issue Price: Rs 97 per share
- NSE Premium: 35.05%
- BSE Premium: 33.51%
- Grey Market Premium Indication: 36%
The Gurugram-based Shiprocket, backed by investors like Temasek, Tribe Capital, Eternal, and Bertelsmann, opened its initial public offering from August 12 to August 14. The company successfully raised Rs 1,617.48 crore through the public issue.
IPO Oversubscription Details
- Total Amount Raised: Rs 1,617.48 crore
- IPO Price Band: Rs 92 to Rs 97 per share
- Fresh Issue: 9.13 crore equity shares (Rs 885.50 crore)
- Offer-for-Sale (OFS): 7.55 crore shares (Rs 731.98 crore)
- Overall Subscription: 99.38 times
- Retail Individual Investors (RII): 46.42 times
- Non-Institutional Investors (NII): 88.99 times
- Qualified Institutional Buyers (QIB): 122.80 times
The successful public issue was managed by Axis Capital Ltd. as the book-running lead manager. Kfin Technologies Ltd. served as the official registrar for the Shiprocket IPO.