- Home/
- IPO
116.06x
subscribed
Shiprocket IPO
Logistics
listed
116.06x
subscribed
₹14,168Min. investment
Shiprocket Limited IPO Details
Issue size
₹1,617Cr
IPO type
Mainboard
Market Cap
₹7,057CrHigher than sector avg
Price range
₹92.00 – ₹97.00
Listing ExchangeBSE, NSE
RevenueApr 2025 - Mar 2026
₹2,024CrHigher than sector avg
Lot size
154 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
24.02%Higher than sector avg
SectorLogistics
Price range₹92.00 – ₹97.00
IPO type
Regular
Lot size154 shares
Issue size₹1,617Cr
Red Herring Prospectus
Read
Market Cap
₹7,057CrHigher than sector avg
RevenueApr 2025 - Mar 2026
₹2,024CrHigher than sector avg
Growth rate3Y CAGR
24.02%Higher than sector avg
Shiprocket Limited IPO Overview
Shiprocket IPO date
Shiprocket Ltd IPO will open for subscription on August 12, 2026, and the closing date for the IPO is August 14, 2026. After this, investors are expected to be updated about the allotment status on August 17, 2026. Investors who have been allotted shares can expect them to be credited to their demat account on August 18, 2026. The shares will be listed on the NSE and the BSE on Wednesday, August 19, 2026.
Shiprocket IPO price band
The IPO includes fresh issues and an offer for sale. The IPO price band has been set between ₹ 92 and ₹ 97 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising a fresh issue of ₹885 crore and an offer for sale of ₹732 crore. Shiprocket IPO listing price will be determined on August 19, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.
Shiprocket IPO lot size
Shiprocket IPO details have been declared. The minimum lot size for an application is 154 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,617 crore.
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
Compare
Companies in this sector
Container Corporation of India Ltd
Aegis Logistics Ltd
Blackbuck LtdObjectives
Unidentified acquisitions and general corporate purposes
35.10%
Repayment of borrowings
23.70%
Marketing expenses
23.20%
Capital expenditure
18.10%
Strength and Weakness
Market leadership with network effect
The company has the largest horizontal e-commerce enabler network in India with 214,769 merchants connecting to 15.5 crore+ consumers with an RTO prediction of 83.01% accuracy based on 73 crore+ transactions of data.
Low-cost, digital acquisition
96.73% self-serve onboarding and 42.98% organic registrations led to a 31% reduction in per-merchant cost of customer acquisition from ₹4,101 in FY24 to ₹2,829 in FY26, with marketing expenditure at <2% of core business revenue.
Offer multiple solutions
The company offers a single platform with multiple commerce solutions including shipping, fulfilment, checkout, financing and marketing.
Diversified and low concentration merchant base
Top-20 merchants contribute just 17.6% of FY26 revenue vs prior years. Diversification in categories (Personal care 31.1%, Apparel 21.6%). Marquee brands include Mamaearth, Boat and Levi’s.
High Platform Engagement
The platform receives approximately 2.34 million organic visitors each month. FY26 saw an impressive 50.8% of merchants receiving their first order within 24 hours of signing up for the company’s services and a First Call Resolution Rate of 51.15%.
About Shiprocket Limited
Shiprocket is an Indian e-commerce enablement company that helps MSMEs, D2C brands and large retailers manage their online businesses. It provides technology-based solutions across domestic shipping, fulfilment, payments, checkout, cross-border shipping and other commerce services, allowing merchants to sell through websites, mobile apps, social media platforms and offline stores.
According to the Redseer Report, Shiprocket was India's largest new-age end-to-end horizontal e-commerce enablement platform by revenue from operations in FY26. The company started as a shipping platform and has gradually expanded into a full-stack commerce platform. Its solutions are mainly designed for businesses selling directly to consumers through their own websites, mobile apps and social media channels. Shiprocket follows a usage-based pricing model, where merchants pay according to the products and services they use.
The company has two business segments. The core business consists of the Shiprocket Domestic Shipping platform and a host of shipping software solutions. The platform connects merchants with a host of logistics partners for deliveries across India, and the software comes with features including instant pickups, tracking of shipments, secure delivery, weight verification and faster COD remittances. In FY26, the core business represented 73.3% of total revenue from operations.
The emerging business consists of newer services like cargo and fulfilment, cross-border shipping, advertising and marketing solutions, financing via Shiprocket Fintech and hyperlocal delivery under Shiprocket Quick, in addition to domestic shipping. This segment contributed 26.6% to total revenue from operations in FY26.
Shiprocket's platform had 214,769 active merchants in FY26, who processed 20.21 crore unique transactions and served 6.96 crore end consumers. The company also recorded a 57.7% repeat purchase rate. The company had 10,090 power merchants in FY26. These merchants process more than 100 transactions per active month on average and accounted for 4.70% of the active merchant base. The average revenue per power merchant (ARPU) increased to ₹17.8 lakhs in FY26 from ₹12.8 lakhs in FY24. Its merchants operate across categories such as beauty and personal care, apparel, footwear, home décor and electronics. Its Power Merchant base includes D2C brands, Brand.com businesses, offline retailers, marketplaces and social commerce sellers.
Shiprocket enabled cross-border shipments for 5,884 merchants in FY26 through a network of 21 partners, supporting GMV of ₹508.15 crore. Its international network currently covers markets such as the U.S., U.K., Canada, Europe and Singapore. The company launched Shiprocket Quick in FY25 and expanded the service to 92 cities by FY26. The platform served 18,472 active merchants and processed 149,417 transactions during the year. The company also compensates merchants for eligible operational failures, including lost or damaged shipments and service-level breaches. Merchant compensation increased to ₹53.11 crore in FY26 from ₹33.80 crore in FY25. As of March 31, 2026, Shiprocket had 344 Key Account Managers supporting merchants and achieved a 51.15% First Call Resolution Rate during FY26. As of March 31, 2026, the company had six direct subsidiaries and one step-down subsidiary.
India’s B2C commerce market is a huge opportunity across online retail, offline retail and cross-border trade. These segments together represented a market opportunity of ₹10-11 lakh crore (US$116-126 billion) for new-age e-commerce enablement platforms in CY25. The Direct Commerce market was ₹74,000-91,400 crore (US$9-11 billion) in GMV in CY25, and is projected to grow at 20-25% CAGR through CY30. In CY25, it had a 10-12% share of India’s online retail market, giving it a favourable growth runway. The biggest opportunity is in cross-border retail with a GMV of ~₹6 lakh crore (US$72 billion) in CY25. The segment is expected to grow at a CAGR of 14-20% from CY25 to CY30.
The company has a network-driven business model where a larger merchant base attracts more logistics and service partners, improving delivery coverage, pricing and service quality. The integrated platform also allows the company to offer new features including same-day delivery, fulfilment, financing and cross-border shipping.
In FY26, Shiprocket delivered in 34 cities on the same day and in 530 cities the next day. Logistics and fulfilment partners have higher utilisation with higher transaction volumes, which attracts more partners to the platform. The company also plans to expand its presence in Tier 2 and Tier 3 cities by targeting semi-digital merchants. The continued expansion of Direct Commerce is expected to increase demand for technology platforms that help merchants manage shipping, payments, fulfilment and other commerce operations through a pay-per-use model.
Now, Shiprocket is launching its initial public offering (IPO), which consists of a fresh issue of ₹885 crore and an offer for sale of ₹732 crore. The total issue size of the IPO is ₹1,617 crore. Its shares will be listed on the NSE and BSE.
How to pre-apply for Shiprocket IPO?
You can pre-apply for Shiprocket IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Shiprocket IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for Shiprocket IPO?
If you are interested in this investment opportunity but unsure how to apply for Shiprocket IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Shiprocket IPO on Upstox:
- Log in to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘Shiprocket IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
How to check allotment status for Shiprocket IPO?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Shiprocket IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your Shiprocket IPO allotment status will be mentioned
IPO Analysis
IPO REVIEW
Shiprocket IPO
Should you apply?
View Video
Shiprocket IPO Subscription Status
Latest News on Shiprocket IPO
Shiprocket has filed draft papers with SEBI for an IPO aiming to raise ₹2,000-2,500 crore, with a fresh share sale of ₹1,000-1,200 crore. Proceeds will fund product development, tech upgrades, and logistics expansion. Despite a net loss of ₹595 crore in FY24, the company reduced cash burn by 50% and saw 21% revenue growth to ₹1,316 crore, with emerging businesses contributing 20% of revenue.
The ₹1,617.48 crore Shiprocket IPO consists of a mix of a fresh issue worth ₹885.50 crore and an offer for sale (OFS) component of ₹731.98 crore by existing shareholders.
3 min read
The ₹1,617.48 crore Shiprocket IPO comprises a fresh issuance of shares totalling ₹885.50 crore and an offer-for-sale (OFS) component of ₹731.98 crore.
3 min read
The ₹1,617.48 crore Shiprocket IPO consisted of a fresh issuance of ₹885.50 crore and an offer for sale (OFS) of ₹731.98 crore. It was subscribed 99.38 times.
2 min read
The ₹1,617.48 crore Shiprocket IPO consisted of new equity shares valued at ₹885.50 crore and an offer for sale (OFS) of ₹731.98 crore.
2 min read
Frequently asked questions
How to invest in the Shiprocket IPO ?
Investors can apply for the Shiprocket IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Shiprocket IPO ?
The issue size of the Shiprocket IPO is 1617 Cr.
What is 'pre-apply' for Shiprocket IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Shiprocket IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.