IPO · Commerce & Consumer Brands

Shiprocket lists on NSE after raising ₹1,617.49 crore through IPO

By Startup Enthusiast · 12 September 2026

Date: 12 September 2026
Company: Shiprocket
What it does: e-commerce enablement platform
Kind: IPO
Amount: ₹1,617.49 crore
Stage: listed
Based in: Delhi
Founded: 2015
Sector: Commerce & Consumer Brands

What they do

Shiprocket is India's largest e-commerce enablement platform by revenue, offering shipping, fulfillment, and commerce solutions to MSMEs and D2C brands

What happened

The IPO raised ₹1,617.49 crore, including a fresh issue of ₹885.50 crore and an offer for sale of ₹731.99 crore, with a price band of ₹92–₹97 per share

Why it matters

The company plans to use the funds for business expansion, technology upgrades, and repaying debt, despite reporting a net loss of ₹79.25 crore in FY26

The details

Shiprocket Ltd, India's largest e-commerce enablement platform by revenue, listed on the National Stock Exchange of India (NSE) after raising ₹1,617.49 crore through its initial public offering (IPO).
The IPO included a fresh issue of ₹885.50 crore and an offer for sale of ₹731.99 crore, with a price band of ₹92–₹97 per share.
The company plans to use the fresh issue proceeds for business expansion, technology upgrades, and repaying debt.
The IPO was oversubscribed, with subscription rates of 99.38x overall, 46.421x in the retail category, and 122.805x in the Qualified Institutional Buyer (QIB) category.
Shiprocket's platform handles over 70 million shipments annually and serves customers across 146 countries through international shipping.

The bigger picture

Shiprocket's IPO reflects its growth from a small shipping solution for MSMEs to a leading e-commerce enablement platform with a diversified service offering.
The company's revenue grew 24% YoY to ₹2,077.42 crore in FY26, with EBITDA losses narrowing to ₹16.56 crore.
The IPO proceeds will be used to repay outstanding borrowings, expand fulfillment centers, and invest in technology upgrades.

About the business

Shiprocket provides technology-driven logistics, fulfillment, and commerce solutions to MSMEs, D2C brands, and large retailers.
The platform handles over 70 million shipments annually and processes a Gross Merchandise Value (GMV) of $5 billion+.
Shiprocket serves customers across 146 countries through international shipping across 5 major shipping lanes.
The company's revenue model is based on usage, with pricing per shipment, transaction, or GMV.
Shiprocket offers fulfillment centers, warehousing, cargo logistics, omnichannel commerce solutions, international shipping, advertising, marketing tools, checkout, payment solutions, business loans, and hyperlocal delivery services.

What happens next

Shiprocket plans to use the IPO proceeds for business expansion, technology upgrades, and repaying debt.
The company aims to expand its fulfillment center network and warehousing capacity across India.
Shiprocket intends to deepen its cross-border shipping capabilities and international market reach.

The deal

Type: ipo

Investors

Zomato (investor) — A leading food delivery and restaurant technology company in India.
Temasek (investor) — A Singapore-based global investment company.
Info Edge Ventures (investor) — A venture capital arm of Info Edge, which owns Naukri.com.
PayPal (investor) — A global financial technology company.
Bertelsmann (investor) — A German media and entertainment conglomerate with a strong presence in venture capital.

Founders

Saahil Goel, CEO
Gautam Kapoor, Co-founder

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