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Shiprocket IPO Raises ₹1,617 Cr, Oversubscribed 99x

By Business DeskShiprocket IPO Raises ₹1,617 Cr, Oversubscribed 99x

Shiprocket’s IPO successfully garnered ₹1,617.48 crore, achieving an exceptional 99.38x subscription rate, highlighting strong investor confidence.

Shiprocket Limited, the Indian e-commerce enablement platform, successfully concluded its Initial Public Offering, raising ₹1,617.48 crore. This amount is equivalent to USD 169.04 million, with the offering seeing significant investor demand.

The IPO was notably oversubscribed, reaching an overall rate of 99.38 times. Qualified institutional buyers showed the highest interest, subscribing 122.80 times their allocated portion.

Key Subscription Figures

  • Qualified Institutional Buyers: 122.80 times
  • Non-institutional Investors: 88.99 times
  • Retail Individual Investors: 46.42 times
  • Employee Subscription: 55.65x

This IPO registered several significant achievements for offerings exceeding ₹1,500 crores since 2020. These include the highest overall QIB subscription at 99.38x, the highest retail subscription at 46.42x, and the highest employee subscription at 55.65x.

Shardul Amarchand Mangaldas & Co. (SAM) provided legal counsel to the Book Running Lead Managers for this offering. The SAM legal team included Prashant Gupta, Sayantan Dutta, Shivang Agrawal, Aryan Singh, Deeksha Dhingra, and Satakshi N Dixit.

Shiprocket’s equity shares began trading on the BSE Limited and the National Stock Exchange of India Limited on August 19, 2026, following the successful completion of the IPO process.

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