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InvestmentsIPOShiprocket IPO

Shiprocket IPO

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Open Date

12 Aug 2026

Close Date

14 Aug 2026

Min Investment

₹ 14,938

Lot Size

154

Issue Size

₹ 1617.48 Cr

Price Range

₹ 92 - ₹ 97

Subscribed

99.03 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
12 Aug 2026
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IPO Offer Ends
14 Aug 2026
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Allotment Finalisation
17 Aug 2026
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Refund Initialisation
18 Aug 2026
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Non-Institutional Buyers (sHNI)
18 Aug 2026
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Listing of Shares
19 Aug 2026
IPO Subscription Details as on 10 Sep 2026, 01:43 AM
Qualified Instituational Buyers (QiB)
122.8 x
Retail
45.05 x
Employees
54.44 x
Total
99.03 x
Non-Institutional Buyer (bHNI)
99.18 x
Non-Institutional Buyer (sHNI)
67.58 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Shiprocket is an end-to-end, new age, merchant-first, and API-led technology platform designed to enable e-commerce transactions for India's MSMEs and Large Retailers. The company's platform simplifies logistics, checkout, payments, fulfilment, and cross-border trade, enabling Merchants to sell online and offline efficiently and at scale. According to the Redseer Report, the company is the largest new-age end-to-end horizontal e-commerce enablement platform (in terms of revenue from operations) registered in India in Fiscal 2026. The platform is purpose-built to simplify e-commerce for Merchants who sell directly to end consumers through their own websites, apps or social media channels.
rocket

Founded In

2011

rocket

CEO

-

Financials of Shiprocket IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue1,315.981,632.012,024.14
Other Income41.8642.8153.28
Total Income
1,357.831,674.822,077.42
Total Expenses
1,708.631,749.272,153.36
Profit Before Tax-595.18-74.45-79.25
Total Profit
-595.18-74.45-79.25

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to invest in marketing initiatives including performance and digital marketing, affiliate and influencer marketing, content assets, integrated campaigns, trade shows, merchant incentive programs, partnerships, and affiliate merchant networks to accelerate merchant acquisition and amplify digital presence across Core Business and Emerging Business segments.206
The company proposes to invest in server and communication costs including cloud infrastructure, and recruitment of product and technology personnel to enhance technology capabilities, expand microservices architecture, improve data intelligence, shipping logistics intelligence, and develop cross-border commerce enablement solutions.160
The company intends to repay or prepay certain borrowings availed from banks and financial institutions including overdraft facilities to reduce outstanding indebtedness and debt servicing costs, enabling utilization of internal accruals for further business growth and expansion.210
The company proposes to utilize funds for potential acquisitions that are complementary to existing offerings, unlock new addressable markets, have strong unit economics, and demonstrate scalable technology-driven models. General corporate purposes include rental expenses, consultant fees, vendor services, employee expenses, and other ordinary business activities.-
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  • Profitable and Scalable Core Business with Operating Leverage: The company's Core Business has been profitable since Fiscal 2022, with Revenue from Operations - Core Business increasing by a CAGR of 17.02% from Fiscal 2024 to Fiscal 2026. The platform-based business model allows rapid expansion without physical infrastructure constraints.
  • Expanding Platform Network Effects Driving Merchant Growth and Service Adoption: The company analyzes data from more than 155 million end consumers served and more than 730 million unique transactions processed between October 2016 and March 2026. The RTO product identified shipments as high-risk with 83.01% accuracy in Fiscal 2026.
  • Leveraging Scale to Optimize Business Performance: The company is the largest new-age end-to-end horizontal e-commerce enablement platform (in terms of revenue from operations) registered in India in Fiscal 2026. The company served 214,769 Active Merchants in Fiscal 2026.
  • Self-Serve Platform Offering Enterprise-grade Experience Drawing Organic Traffic: The company's self-serve platform achieved 96.73% of merchant onboarding completed without any intervention from support team for the Core Business in Fiscal 2026. The platform offers enterprise-grade technology comparable to those designed for larger enterprises.
  • Diversified Merchant Base Minimizing Revenue Concentration Risk: The company's top 1, 5, and 20 Merchants contributed 2.83%, 7.43% and 17.65% of Revenue from Operations respectively in Fiscal 2026, demonstrating limited dependence on any single Merchant.
  • Full Transaction Accountability Enhancing Merchant Trust and Retention: The company serves as a trust layer between Merchants and ecosystem partners, managing dispute resolution and financial reconciliation. The company compensated Merchants ₹531.11 million in Fiscal 2026 for lost, damaged or stolen shipments.
  • AI, Data and Automation-Driven Platform for Operational Efficiency: The company's EDD Prediction System leverages AI and ML technologies to predict delivery date estimates with 78.51% accuracy in Fiscal 2026. The platform handles 11.71 billion API hits monthly in 2026 with 100.00% platform uptime.
  • Modular and Open Platform Enabling Rapid Expansion: The company's platform is designed for open integrations, allowing third-party developers to build and customize solutions through APIs. The platform enables Merchants to extend functionality based on their specific business needs.
  • Experienced Leadership Team and Strong Corporate Governance: The company is led by experienced executives with strong backgrounds in e-commerce, logistics, and technology. The Managing Director and CEO has 21 years of experience in the e-commerce industry and was awarded ET 40 under 40 by the Economic Times in 2023.

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