IPO · Commerce & Consumer Brands

Shiprocket IPO opens, aims to raise Rs 1,617 crore

By Startup Enthusiast · 11 August 2026

What they do

Shiprocket provides logistics, fulfilment, payments, and marketing tools for online sellers

Its IPO of Rs 1,617 crore opens on 12 August 2026 at a price band of Rs 92-97 per share

The company has narrowed net loss to Rs 79 crore in FY26 from Rs 544 crore in FY24

Shiprocket's IPO opens on 12 August 2026 and closes on 14 August 2026.
The total IPO size is Rs 1,617 crore, comprising a fresh issue of Rs 885 crore and an offer for sale (OFS) of Rs 732 crore.
The price band is set at Rs 92-97 per share, with a lot size of 154 shares.
Anchor investors raised Rs 727.41 crore on 11 August 2026 at Rs 97 per share.
Anchor investors include Nomura, Ashoka WhiteOak, Goldman Sachs, and Societe Generale.
The IPO was subscribed 97% on Day 1 and ~84 times by the close on 14 August 2026.
Allotment is expected on 17 August 2026, and listing on NSE & BSE on 19 August 2026.

Shiprocket is an asset-light platform that depends on third-party courier fleets, with no exclusive contracts with its top five couriers.
A risk is that couriers could build their own merchant-facing platforms and bypass Shiprocket.
Brokerage Swastika Investmart says the IPO suits high-risk, growth-oriented investors with a 2-3 year horizon.
Brokerage SBICAP Securities recommended subscribing at the cut-off price.

Shiprocket is an e-commerce enablement platform offering logistics, fulfilment, payments, checkout, customer engagement, and cross-border commerce.
Its core business is domestic shipping and value-added shipping apps, contributing 73% of FY26 revenue.
Its emerging business includes cross-border (ShiprocketX), quick commerce (Shiprocket Quick), marketing tools, and capital solutions.
Revenue comes from consumption-based fees per shipment or service.
It serves 4 lakh+ businesses and covers 19,000+ pin codes in India and 220+ countries.
It enables 5 lakh+ transactions daily and integrates with 250+ ecosystem partners.
Products include domestic shipping (Shipping, Quick, Cargo, Fulfillment), cross-border (ShipX, CargoX, LaunchX), AI marketing (Checkout, Identify, Promise, Trends), and capital (Capital, Credit score).

Shiprocket plans to use Rs 366 crore from fresh issue for platform growth, Rs 206 crore for marketing, Rs 160 crore for technology, Rs 210 crore for debt repayment, and Rs 941 crore for acquisitions and general corporate purposes.

Nomura (anchor) — Nomura is a global financial services group.
Ashoka WhiteOak (anchor) — Ashoka WhiteOak is an investment firm.
Goldman Sachs (anchor) — Goldman Sachs is a global investment bank.
Societe Generale (anchor) — Societe Generale is a French multinational investment bank.
SBI Mutual Fund (anchor) — SBI Mutual Fund is an Indian asset management company.
HDFC Mutual Fund (anchor) — HDFC Mutual Fund is an Indian asset management company.
Nippon Mutual Fund (anchor) — Nippon Mutual Fund is an Indian asset management company.
Kotak Mutual Fund (anchor) — Kotak Mutual Fund is an Indian asset management company.
UTI Mutual Fund (anchor) — UTI Mutual Fund is an Indian asset management company.
Mirae Mutual Fund (anchor) — Mirae Mutual Fund is an Indian asset management company.
Edelweiss Mutual Fund (anchor) — Edelweiss Mutual Fund is an Indian asset management company.
PGIM Mutual Fund (anchor) — PGIM Mutual Fund is an Indian asset management company.
Bandhan Mutual Fund (anchor) — Bandhan Mutual Fund is an Indian asset management company.
LR India Fund I SARL SICAV-RAIF (seller) — LR India Fund is a selling shareholder in the OFS.
Arvind Ltd (seller) — Arvind Ltd is a textile manufacturer and selling shareholder.
Tribe Capital III LLC-Series 1 (seller) — Tribe Capital is a venture capital firm and selling shareholder.