Shiprocket IPO opens: Planning to participate? Check price band, lot size and key details

The three-day initial public offering (IPO) of e-commerce enablement platform Shiprocket Ltd is scheduled to open on Wednesday, August 12. The company on Tuesday raised ₹727.41 crore from anchor investors ahead of the public issue.

The company allotted 7.5 crore equity shares to anchor investors at ₹97 apiece, the upper end of its IPO price band, according to a circular uploaded on the BSE website.

Among the investors participating in the anchor book were New York State Teachers Retirement System, managed by Goldman Sachs Asset Management, Nomura Funds Ireland Public Ltd Company, Societe Generale, ICICI Prudential Life Insurance Company, Tata AIA Life Insurance Company and Axis Max Life Insurance.

Other investors on the list were SBI Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, UTI Mutual Fund, Motilal Oswal Mutual Fund and Bandhan Mutual Fund.

• The ₹1,617.5 crore Shiprocket IPO will open for subscription on August 12 and close on August 14. The company has fixed a price band of ₹92-₹97 per share for its IPO.

It must be noted that Shiprocket has trimmed the size of its IPO from the ₹2,342.3 crore proposed in its updated draft red herring prospectus filed in December 2025.

• The issue comprises a fresh issuance of equity shares worth up to ₹885.50 crore and an offer-for-sale (OFS) of shares aggregating up to ₹732 crore.

• The lot size is 154 shares. At the upper price band of ₹97 per share, the minimum investment required for retail investors is ₹14,938 per lot.

• Existing shareholders, including Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, Gautam Kapoor, Saahil Goel and Vishesh Khurana, will sell shares through the OFS.

• At the upper end of the price band, Shiprocket will command a post-issue market valuation of about ₹7,058 crore, while at the lower end, the valuation has been pegged at ₹6,739 crore.

• As much as 75% of the offer has been reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs) and the remaining 10% for retail investors.

• The company had filed its draft IPO papers with SEBI through the confidential pre-filing route in May and subsequently received the regulator's approval in November to launch the public issue.

• Axis Capital, BofA Securities, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the issue, while KFin Technologies is the registrar.

• The company's shares are proposed to be listed on the BSE and NSE on August 19.

Fund utilisation

According to news reports, Shiprocket plans to deploy a significant portion of the IPO proceeds towards artificial intelligence (AI), as it looks to transform its Indian e-commerce (e-commerce) enablement platform into a broader operating system for merchants.

The company aims to enable merchants to manage their businesses through conversational commands instead of using multiple software tabs, while also deploying AI internally to reduce the time spent on data collection and manual tasks.

Goel said that, after debt repayment, most of the IPO proceeds will be directed towards the company’s faster-growing emerging business, including technology and sales and marketing.

The emerging business generated revenue of ₹538.7 crore in financial year 2025-26 (FY26), compared with around ₹1,485.4 crore from the core business during the same period. According to Goel, the emerging business is growing at around 65%.

Shiprocket: Business profile

Backed by marquee investors such as Temasek and Zomato, Shiprocket has evolved from a shipping service provider into a full-stack e-commerce enablement platform serving direct-to-consumer (D2C) brands and Micro, Small and Medium Enterprises (MSMEs).

The company operates through two segments — Core Business and Emerging Business. Its core business comprises the domestic shipping platform and shipping apps, offering end-to-end shipping solutions in India, including multimodal transportation, AI-based logistics allocation, and order management and tracking tools.

The Emerging Business segment houses newer offerings such as cargo and fulfilment services, cross-border shipping, advertising and marketing solutions, capital solutions and hyperlocal deliveries, aimed at helping merchants expand and scale their operations.

Shiprocket follows an asset-light business model, with a scalable technology platform at the centre of its operations, supported by an extensive network of ecosystem partners.