Shiprocket IPO Oversubscribed 99x, Raises Rs 727 Cr
By IPO Desk
Shiprocket’s IPO garnered massive investor interest, closing 99.38 times oversubscribed and securing Rs 727.41 crore. Funds to fuel tech expansion and debt reduction.
Shiprocket’s IPO was subscribed 99.38 times by its August 14, 2026 closing date. This massive investor interest saw bids for 938.51 crore shares, far exceeding the 9.44 crore shares on offer.
IPO Snapshot
- Subscription: 99.38 times
- Bids Received: 938.51 crore shares
- Shares Offered: 9.44 crore shares
- Issue Dates: August 12 to August 14, 2026
- Price Band: Rs 92-97 per share
- Minimum Bid: 154 equity shares
The IPO included a fresh issue of Rs 885.5 crore and an Offer For Sale (OFS) of Rs 731.98 crore. Several key investors divested holdings through the OFS.
OFS Participants
- L R India Fund
- Tribe Capital
- MCP3 SPV LLC
- Moore Strategic Ventures
- Agility International Investment LLC
- 500 Startups
Shiprocket plans to deploy the capital for technology expansion and debt reduction. A significant portion targets platform enhancements and marketing initiatives.
Capital Allocation
- Technology Platforms: Rs 365.6 crore
- Marketing Initiatives: Rs 205.8 crore
- Technology Infrastructure: Rs 159.8 crore
- Debt Repayment: Rs 210 crore
- Unidentified Acquisitions & General Corporate Purposes: Remaining funds
On August 11, 2026, Shiprocket secured Rs 727.41 crore from 50 anchor investors, allotting 7.49 crore shares at Rs 97 each. The company operates an AI-driven platform providing e-commerce services to 214,769 active MSME merchants in FY26.
For the fiscal year 2026, the firm reported a consolidated net loss of Rs 79.24 crore on sales of Rs 2,024.14 crore. Merchant solution costs represented 69.39% of total expenses, with its top 10 vendors accounting for 55.24% of those costs.