Shiprocket IPO Opens: Rs 1,617 Cr Issue, Price Rs 92-97
By ThePip Desk
Logistics leader Shiprocket’s IPO is live! Aiming to raise Rs 1,617.48 Cr with shares priced at Rs 92-97. Subscription open Aug 12-14. Details inside!
Logistics aggregator Shiprocket’s Initial Public Offering (IPO) opened for subscription on August 12, 2026, aiming to raise Rs 1,617.48 crore.
The IPO, with its price band set between Rs 92 and Rs 97 per share, will close for investors on August 14.
IPO Snapshot
- Offer Size: Rs 1,617.48 crore
- Price Band: Rs 92-97 per equity share
- Subscription Window: August 12 – August 14
- Minimum Application: 1 lot (154 shares), costing Rs 14,938 for retail investors
- Fresh Issue Component: 9.13 crore shares worth Rs 885.50 crore
- Offer for Sale Component: 7.55 crore shares worth Rs 731.98 crore
Allotment of IPO shares is anticipated by August 17, with listing on NSE and BSE expected around August 19.
The Grey Market Premium (GMP) indicated a 27.8% premium to the issue price, trading at Rs 124, which could mean a profit of Rs 4,158 per lot, though this is not an official listing trend indicator.
Funds Utilization
Proceeds from the fresh issue are strategically allocated to drive Shiprocket’s platform development and market presence.
- Platform Growth: Rs 365.60 crore
- Marketing Initiatives: Rs 205.80 crore
- Technology Infrastructure: Rs 159.80 crore
- Debt Repayment: Rs 210 crore
- Other Uses: Acquisitions and general corporate purposes
Company Profile
Founded in 2011, Shiprocket provides e-commerce enablement technology solutions for MSMEs, D2C brands, and large retailers across India.
A Redseer report for FY25 recognized Shiprocket as India’s largest new-age end-to-end e-commerce enablement platform by revenue, offering comprehensive shipping and delivery services.