Shiprocket Ltd. IPO Details
Shiprocket was incorporated on September 28, 2011. The company is an end-to-end, API-led e-commerce enablement platform that helps MSMEs and large retailers manage logistics, payments, fulfilment, and cross-border trade efficiently. As per the Redseer Report, it was the largest new-age horizontal e-commerce enablement platform in India by revenue in FY25, focused on supporting direct-to-consumer commerce
| Bidding Dates |
|---|
| 12 Aug 2026 - 14 Aug 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,168 | 1 | 13 | 154 | 166.8 M | ₹92 - ₹97 | - | ₹15342.1 M - ₹16175.9 M | RHP DOC |
Shiprocket issue details
Shiprocket has 166.8 M shares on offer
Shiprocket IPO offer price is in the range ₹92 - ₹97
Shiprocket IPO minimum Investment is ₹14168
Shiprocket IPO issue size is ₹ 15342.1 M - ₹ 16175.9 M
Shiprocket has a minimum lot size of 154 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Shiprocket IMPORTANT IPO DATES
| Issue Open Date | 12 Aug 2026 |
| Issue close Date | 14 Aug 2026 |
| Allotment Date | 17 Aug 2026 |
| Refund Date | 18 Aug 2026 |
| Demat Account Credit Date | 18 Aug 2026 |
| Listing Date | 19 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
Shiprocket IPO subscription opens on 12 Aug 2026, and closes on 14 Aug 2026
IPO allotment for Shiprocket is expected to be finalized on Monday, 17 Aug 2026
IPO listing for Shiprocket will be on NSE and BSE on Wednesday, 19 Aug 2026
Shiprocket NUMBER OF SHARES ON OFFER
Shiprocket FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 2,024.1 | -79.2 | 52.6 | 34.6 | 0.9% |
| FY25 | 1,632.0 | -74.4 | 1.9 | -4.7 | 0.4% |
| FY24 | 1,316.0 | -595.2 | -216.0 | -240.3 | -9.7% |
| FY23 | 1,088.8 | -359.3 | -138.0 | -169.3 | -19.1% |
Shiprocket Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shiprocket Ltd. | 97 | 7057.5 | -89.1 | -13.8 | 3.4 | -5.2 | -3.2 | 2077.4 | 24 | -79.2 | -6.4 | -1.1 | 6.4 |
| Tata Technologies Ltd. | 872.8 | 35440.2 | 63.6 | -3.4 | 6 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 949.2 | 11243.9 | 46.4 | 3.1 | 4.8 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 721.4 | 10118.1 | 28.7 | 463.8 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 560.6 | 4461.3 | 106 | 5.5 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 727.2 | 4018.9 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
Shiprocket INFORMATION ON IPO ISSUE
About Shiprocket
Shiprocket was incorporated on September 28, 2011. The company is an end-to-end, API-led e-commerce enablement platform that helps MSMEs and large retailers manage logistics, payments, fulfilment, and cross-border trade efficiently. As per the Redseer Report, it was the largest new-age horizontal e-commerce enablement platform in India by revenue in FY25, focused on supporting direct-to-consumer commerce
Object of the Issue
- Investment in marketing initiatives primarily for their emerging business and for its core business
- Investment in technology infrastructure and capabilities primarily for their emerging business and for its core business
- Repayment / prepayment, in full or in part, of certain borrowings availed of by the company including payment of the interest accrued thereon
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Shiprocket - PROMOTERS
| Name |
|---|
| Saahil Goel |
| Gautam Kapoor |
| Arjun Sethi |
| Brijesh Kumar Agrawal |
| Chetan Kumar Mathur |
| Kaushik Dutta |
| Vani Gupta Dandia |
Shiprocket - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Saahil Goel | Managing Director & Chief Executive Officer |
| Gautam Kapoor | Executive Director & Chief Operating Officer |
| Arjun Sethi | Non-Executive Director |
| Brijesh Kumar Agrawal | Independent Director |
| Chetan Kumar Mathur | Independent Director |
| Kaushik Dutta | Independent Director |
| Vani Gupta Dandia | Independent Director |
Shiprocket Book Running Lead Manager
Axis Capital Limited
shiprocket.ipo@axiscap.in
BofA Securities India Limited
dg.shiprocket_ipo@bofa.com
JM Financial Limited
shiprocket.ipo@jmfl.com
Kotak Mahindra Capital Company Limited
shiprocket.ipo@kotak.com
Shiprocket Registrar to the Offer
KFin Technologies Limited
shiprocket.ipo@kfintech.com
Shiprocket Strengths
Profitable & scalable core business
The company’s core business has been profitable since FY22, supported by a tech-enabled, asset-light model that allows efficient scaling and cost optimization. Revenue from core operations grew at a 16.17% CAGR from FY23 to FY25, improving operating leverage and Adjusted EBITDA as merchant volumes increased without proportional cost growth
AI, data & automation-driven platform
The company operates a stable, scalable, and ISO-certified technology infrastructure that securely supports high transaction volumes with strong uptime and reliability. Its AI- and ML-driven systems enhance merchant performance through predictive analytics, optimized logistics allocation, reduced RTOs, smarter checkout, and faster fulfilment
Modular & open platform enabling rapid expansion
The company has built an end-to-end e-commerce platform that supports the full transaction cycle and allows easy integration of multiple services through a single, unified system. With open APIs, the platform enables third-party integrations and customization, giving merchants flexibility to extend functionality beyond closed, single-function solutions
Shiprocket Risks
Cross-border business
The company may face challenges in scaling its cross-border business due to limited experience in international markets and reliance on ecosystem partners. Increased competition and required investments may affect profitability, with no assurance of timely or full recovery of such investments
Depend on software & technology
The company’s operations depend on uninterrupted access to its technology platform, and software errors, outages, or security vulnerabilities could disrupt services and harm its business and reputation. Despite monitoring tools and system redundancies, some bugs or defects may be difficult to detect or resolve in a timely manner
Acquisitions & investments risks
The company’s growth strategy includes acquisitions and strategic investments, but challenges in integrating or maintaining them may limit expected benefits and returns. Failure to realize value from past or future acquisitions could result in impairment charges and adversely affect financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 732.0 crore, of 75,462,363 shares. It also consists of a fresh issue of Rs 885.5 crore.
The promoters of the company are Saahil Goel, Gautam Kapoor, Arjun Sethi, Brijesh Kumar Agrawal, Chetan Kumar Mathur, Kaushik Dutta and Vani Gupta Dandia.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 92.0 - 97.0.
The IPO application opens on Aug 12, 2026 and closes on Aug 14, 2026.
The minimum lot size for the IPO is 154. The maximum lot size for the IPO is 2002.
For all category investors, the minimum application amount for this IPO is Rs. 14,168.0, the maximum value for this IPO is Rs 194,194.0.
This IPO will be allotted on Aug 17, 2026.
The refund will be credited to your account on Aug 18, 2026.
The allotted shares will be credited to your demat on Aug 18, 2026.
Shiprocket Ltd.’s shares will list on the stock exchanges on Aug 19, 2026.