Shiprocket shares are set to make their stock-market debut on the BSE and NSE on Wednesday, August 19, with grey-market sentiment pointing to a strong start. The company’s shares are currently commanding a 37% grey market premium (GMP), signalling expectations of a listing significantly above the IPO price.
The Rs 1,617.48-crore IPO, which was open for subscription from August 12 to August 14, received an overwhelming response from investors. The issue was subscribed 99.38 times overall, reflecting exceptionally strong demand across investor categories.
Qualified institutional buyers (QIBs) led the charge, with their portion subscribed a staggering 122.80 times. The non-institutional investor (NII) segment was subscribed 88.99 times, while the retail portion saw 46.42 times subscription.
Shiprocket had fixed the IPO price band at Rs 92–Rs 97 per equity share. The company counts marquee investors such as Temasek and Eternal among its backers, adding to investor interest around the listing.
Ahead of the public issue, Shiprocket raised Rs 727.41 crore from anchor investors, allotting 7.50 crore equity shares at Rs 97 apiece—the upper end of the price band.
The IPO comprised a fresh issue of 9.13 crore equity shares worth Rs 885.60 crore, along with an offer for sale (OFS) of 7.55 crore shares worth Rs 731.98 crore.
Axis Capital Ltd. acted as the book-running lead manager for the issue, while Kfin Technologies Ltd. served as the registrar.
Shiprocket plans to deploy the net proceeds towards strengthening its technology platform, expanding operations, and accelerating growth initiatives. The company has earmarked Rs 294 crore for marketing and brand-building activities, while Rs 211 crore will be invested in enhancing technology infrastructure and capabilities across its emerging and core business segments.
Around Rs 210 crore will be utilised for repayment or prepayment of certain borrowings, including accrued interest. The remaining funds will be directed towards potential inorganic growth opportunities, including unidentified acquisitions, along with general corporate purposes.
Shiprocket is a technology-led e-commerce enablement platform that helps businesses manage online and offline commerce through an integrated suite of solutions. The company supports merchants with shipping, checkout, payments, fulfilment, cross-border trade, and customer experience tools.
The company began as a shipping-focused platform, helping businesses simplify logistics through features such as automated pickups, shipment tracking, secure deliveries, weight verification, and faster cash-on-delivery settlements. Over the years, it has expanded into a broader commerce ecosystem.
Its offerings now include fulfilment centres, cargo and heavy logistics solutions, omnichannel commerce through Shiprocket Omuni, international shipping support with customs assistance, advertising and marketing services, checkout and payment solutions, business financing, hyperlocal delivery, and other merchant-focused tools.
As of the six months ended September 30, 2025, Shiprocket served more than 145,000 active merchants who processed over 97 million transactions and reached more than 42 million customers. The platform recorded a repeat customer rate of 64.56%, highlighting strong merchant engagement.
The company caters to businesses across segments and sizes, including more than 8,500 high-volume “Power Merchants.”