Shiprocket’s ₹1,617.48 crore IPO opened on August 12, 2026, drawing mixed investor demand ahead of its August 19 stock market debut
Shiprocket, India’s largest e-commerce enablement platform, opened its initial public offering for public subscription on Wednesday, August 12, 2026. The Gurugram-based logistics and technology firm is looking to raise ₹1,617.48 crore through the mainboard issue, which will remain open until Friday, August 14.
The IPO price band has been fixed between ₹92 and ₹97 per share, with a lot size of 154 shares. That means retail investors need a minimum of ₹14,938 to apply for one lot, while the maximum retail investment allowed is ₹1,94,194 for 13 lots. The issue is split between a fresh share sale worth ₹885.50 crore and an offer for sale of ₹731.98 crore from existing investors.
A day before the offer opened, Shiprocket locked in ₹727.42 crore from anchor investors on August 11. Fifty institutional investors participated, including SBI Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Mutual Fund, at the top price of ₹97 a share. Domestic mutual funds alone picked up nearly 67% of the anchor allocation, while insurance and pension funds took just over 7%.
On the first day of bidding, the issue was subscribed 0.96 times, meaning demand had not yet fully covered the shares on offer. Grey market activity, however, has stayed upbeat, with Shiprocket’s unlisted shares commanding a premium of around ₹27 to ₹29 over the upper price band in the days leading up to listing — pointing to a possible listing gain near 28-30%, according to grey market trackers.
Financially, Shiprocket’s revenue climbed 24% year-on-year to ₹2,024.1 crore in the financial year ending March 2026, following similar growth a year earlier. The company’s net loss stood at ₹79.2 crore for FY26, only slightly wider than the ₹74.4 crore loss in FY25, but a sharp improvement from the ₹595.1 crore loss it reported in FY24. Its EBITDA loss for the year was ₹16.56 crore.
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The company plans to use IPO proceeds to fund growth. Around ₹365.6 crore will go toward expanding its core and emerging business platforms, ₹210 crore will repay existing borrowings (which stood at ₹244.5 crore as of July 10, 2026), ₹294 crore is earmarked for marketing and brand-building, and ₹211 crore will upgrade technology infrastructure.
Shiprocket serves more than 214,769 active merchants as of FY26, spanning categories like beauty, apparel, home décor and electronics. Its platform has helped merchants reach over 155 million end consumers across more than 19,000 pin codes since October 2016. Backers include Bertelsmann, Temasek, Tribe Capital and food-delivery giant Eternal.
Shiprocket’s listing arrives during what market analysts are calling India’s busiest IPO month of 2026. More than 24 companies are targeting primary market issuances in August, aiming to collectively raise close to ₹35,000 crore. Other big names lining up include quick-commerce firm Zepto, OYO’s parent company PRISM, and Truhome Finance.
Allotment for the Shiprocket IPO is expected to be finalized on August 17, with shares credited to demat accounts and refunds initiated on August 18. The stock is scheduled to debut on both the BSE and NSE on August 19, 2026, closing out a heavily watched listing for India’s logistics-tech sector.
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