Shiprocket IPO Oversubscribed 102x, Lists on BSE & NSE

Shiprocket Limited successfully raised INR 16,174.85 million through its Initial Public Offering, with shares officially listing on BSE and NSE on August 19, 2026. The offering saw an oversubscription rate of 102.28 times.

The IPO comprised two main parts. A fresh issue generated INR 8,855.00 million. The offer for sale (OFS) segment contributed INR 7,319.85 million, involving 75,462,363 Equity Shares from various selling shareholders.

Key Details & Participants

Equity Shares were priced at INR 97 each. Eligible employees received a special discount of INR 9 per Equity Share, with 113,636 Equity Shares worth INR 10.00 million reserved for their subscription.

• Total IPO Value: INR 16,174.85 million
• Fresh Issue: INR 8,855.00 million
• Offer for Sale: INR 7,319.85 million
• Oversubscription: 102.28 times
• Share Price: INR 97
• Employee Discount: INR 9 per share
• Employee Reservation: 113,636 Equity Shares (INR 10.00 million)
• Listing Date: August 19, 2026

Cyril Amarchand Mangaldas (CAM) provided legal counsel for Shiprocket Limited and the individual selling shareholders. The book running lead managers for the Offer included Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, and Kotak Mahindra Capital Company Limited.

Selling Shareholders

• LR India Fund I S.a.r.l. SICAV-RAIF
• Tribe Capital III, LLC – Series 1
• MCP3 SPV LLC
• Moore Strategic Ventures, LLC
• Agility International Investment L.L.C.
• 500 Startups III, L.P.
• Saahil Goel
• Gautam Kapoor
• Vishesh Khurana

The successful listing marks a significant step for Shiprocket Limited in its growth trajectory. The substantial oversubscription highlights strong investor confidence in the logistics platform.