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IPO · Commerce & Consumer Brands

Shiprocket listed on stock exchanges at 35% premium over IPO price

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Shiprocket logo
Date
Company
Shiprocket
What it does
ecommerce enablement platform
Kind
IPO
Amount
₹97 per share
Stage
ipo
Founded
2017
Sector
Commerce & Consumer Brands

What they do

Shiprocket is an ecommerce enablement platform offering logistics, checkout, payments, and cross-border commerce services to MSMEs and large retailers

What happened

The company listed on the BSE and NSE at ₹131 and ₹130 per share, 35.1% and 33.51% above its ₹97 issue price, raising ₹1,617.5 Cr in its IPO

Why it matters

Its market capitalisation on the BSE reached ₹10,230 Cr after listing, making it the third new-age logistics tech startup to go public in India

The details

  • Shiprocket listed on the BSE and NSE at ₹131 and ₹130 per share, 35.1% and 33.51% above its ₹97 issue price, raising ₹1,617.5 Cr in its IPO.
  • The IPO price band was set at ₹92–₹97 per share, with the final issue price fixed at ₹97.
  • The company's market capitalisation on the BSE reached ₹10,230 Cr after listing, making it the third new-age logistics tech startup to go public in India.
  • Shiprocket's IPO was subscribed 99.38 times, with qualified institutional buyers (QIBs) leading the demand, subscribing to their reserved portion 122.8 times.
  • The company plans to use the IPO proceeds for platform growth, marketing, technology infrastructure, and repayment of borrowings.

The bigger picture

  • The IPO market is currently seeing strong investor appetite for businesses that offer a combination of growth, technology, and a credible path to profitability.
  • Shiprocket's core business is already profitable, with an adjusted EBITDA margin of 12.56% in FY26, up from 12.02% in FY25 and 6.65% in FY24.
  • The company's emerging business includes cargo and fulfilment, cross-border shipping, advertising and marketing solutions, checkout, fintech, and hyperlocal delivery.

About the business

  • Shiprocket is an ecommerce enablement platform offering logistics, checkout, payments, and cross-border commerce services to MSMEs and large retailers.
  • The company's core business generates ₹1,485 Cr in revenue, accounting for 73.38% of total revenue, and is already profitable with an adjusted EBITDA margin of 12.56% in FY26.
  • The platform serves over 2.14 Lakh active merchants, who processed 202.08 Mn unique transactions in FY26.
  • Shiprocket's emerging business includes cargo and fulfilment, cross-border shipping, advertising and marketing solutions, checkout, fintech, and hyperlocal delivery.

What happens next

  • Shiprocket plans to use the IPO proceeds for platform growth, marketing, technology infrastructure, and repayment of borrowings.

The deal

Type
ipo

Investors

  • Temasek (investor) — Singapore-based investment firm.
  • Eternal (investor) — Indian venture capital firm.
  • 500 Global (investor) — Early backer of Shiprocket.
  • Lightrock (investor) — Exited at a loss through the OFS.
  • Moore Strategic Ventures (investor) — Exited at a loss through the OFS.

Founders

  • Saahil Goel, co-founder
  • Gautam Kapoor, co-founder
  • Vishesh Khurana, co-founder

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