Shiprocket IPO
Price Band
₹92 – ₹97
Issue Size
₹1617.48 Cr
Issue Dates
12 Aug – 14 Aug 2026
Listing Date
19 Aug 2026
About Shiprocket Limited
Indian e-commerce enablement company providing technology-driven solutions that help micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands, and large retailers manage and grow their online and offline businesses. According to the Redseer Report, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25. Started as a shipping platform with core services in domestic shipping and shipping software (instant pickups, order tracking, secure delivery, weight verification, faster COD payment settlements), and has since expanded into cargo and fulfilment services (including Shiprocket Omuni), cross-border shipping, advertising and marketing solutions, and merchant solutions under its Emerging Business segment. Offers international shipping through five major lanes connecting India with the US, UK, Canada, Europe and Singapore, serving customers in 146 countries in Fiscal 2026. Also provides fulfilment centres, cargo and heavy logistics, omnichannel commerce, customs support, checkout and payment solutions, business loans, and hyperlocal delivery. Revenue is generated primarily through a usage-based pricing model.
IPO Details
| Price Band | ₹92 – ₹97 |
| Face Value | ₹10 |
| Issue Size | ₹1617.48 Cr |
| Fresh Issue | ₹885.5 Cr |
| Offer for Sale | ₹731.98 Cr |
| Total Shares Offered | 16,67,61,566 |
| Listed On | Both |
Objects of the Issue
Investment in growth of Shiprocket's platforms and marketing initiatives for the Emerging Business and Core Business (₹365.60 Cr); Investment in marketing initiatives for the Emerging Business and Core Business (₹205.80 Cr); Investment in technology infrastructure and capabilities for the Emerging Business and Core Business (₹159.80 Cr); Repayment/prepayment, in full or in part, of certain borrowings availed by the Company including accrued interest (₹210.00 Cr); and funding inorganic growth through unidentified acquisitions and general corporate purposes. Total estimated: ₹941.20 Cr.
Key Financial Metrics
EPS (Basic)
₹-1.25
P/E Ratio
-77.6x
ROE
-5.2%
ROCE
-2.65%
Financial Performance
| Particulars (₹ Cr) | FY2024 (Mar 31, 2024) | FY2025 (Mar 31, 2025) | FY2026 (Mar 31, 2026) |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | -495.89 | -17.16 | -16.56 |
| PAT | -595.18 | -74.45 | -79.25 |
| Total Assets | 2,051.22 | 2,308.62 | 2,504.77 |
| Net Worth | 1,284.16 | 1,491.23 | 1,524.29 |
| Total Borrowings | 213.28 | 244.67 | 242.01 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 154 shares | ₹14,938 | — |
| retail_max | 2002 shares | — | ₹1,94,194 |
| shni_min | 14 × 2156 | ₹2,09,132 | — |
| shni_max | 10164 shares | — | ₹9,85,908 |
| bhni_min | 67 × 10318 | ₹10,00,846 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 75% | No |
| Retail | 10% | Yes |
| NII | 15% | No |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Shiprocket IPO (this IPO) | — | 7,057.5 | ₹-1.25 | -77.6x | -5.2% |
| Shadowfax Technologies Ltd. (Issue Size ₹1,907.27 Cr, Issue Price ₹124, Listing Gain -11.31%, LTP ₹240.10) | Yes | — | — | 1,017.96x | — |
| Om Freight Forwarders Ltd. (Issue Size ₹122.31 Cr, Issue Price ₹135, Listing Gain -36.61%, LTP ₹89.29) | Yes | — | — | 19.56x | — |
| Glottis Ltd. (Issue Size ₹307.00 Cr, Issue Price ₹129, Listing Gain -35.12%, LTP ₹67.51) | Yes | — | — | 18.38x | — |
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