Shiprocket, an e‑commerce enablement platform from Gurugram, opened its IPO on 12 August and closed on 14 August. The price band was set at Rs 92 to Rs 97 per share, and the company aimed to raise Rs 1,617.5 crore.
By 3:20 pm on 14 August, the issue had been subscribed 84 times. Bids were received for 7,92,03,82,316 shares against 9,44,36,030 shares available.
In the unofficial grey market, Shiprocket shares are trading at a premium of about 38%. A grey‑market premium of Rs 37 per share translates to a 38% premium over the upper end of the IPO price band.
The IPO consists of a fresh issue worth Rs 885.5 crore and an offer‑for‑sale (OFS) of Rs 732 crore by existing shareholders. Shiprocket raised Rs 727.41 crore from 50 anchor investors on 11 August, allotting 7.5 crore shares at Rs 97 each.
Anchor investors included Nomura, Ashoka WhiteOak, Goldman Sachs and Societe Generale. Domestic mutual funds received 5 crore shares through 31 schemes, including SBI, HDFC, Nippon Life, Kotak, UTI, Mirae Asset, Edelweiss, PGIM and Bandhan.
Net proceeds from the fresh issue will be used as follows: Rs 365.6 crore for marketing, technology infrastructure and other investments; Rs 210 crore to repay or prepay borrowings, reducing total borrowings from Rs 242 crore (as of 31 March 2026).
Financially, Shiprocket remains loss‑making but shows revenue growth. FY26 net loss was Rs 79.25 crore, up from Rs 74.45 crore in FY25. Total income rose to Rs 2,077.42 crore from Rs 1,674.82 crore. EBITDA loss was Rs 16.56 crore in FY26 versus Rs 17.16 crore in FY25.
Allotment details will be finalized on 17 August, with refunds and share credits on 18 August. The shares are expected to list on the NSE and BSE on 19 August, subject to the final timetable.
Shiprocket offers logistics, fulfilment, payments, checkout, customer engagement and cross‑border commerce services to MSMEs and large retailers across India.