Shiprocket IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

Not less than 75% of the Net Offer

Retail

Not more than 10% of the Net Offer

NII

Not more than 15% of the Net Offer

Current GMP

₹36

▲+37.11%

Estimated listing price

₹133

Issue price ₹97

Highest

₹36.5

13 Aug

Lowest

₹14

6 Aug

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

-ve

EPS (₹)

-ve

RoCE

-2.65%

RoNW

-5.20%

NAV (₹)

23.96

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Shiprocket was started in 2011. It is an Indian e-commerce enablement company. It gives technology-based solutions that help small and medium businesses, direct-to-consumer brands and large retailers run and grow their online and offline business. As per the Redseer Report, Shiprocket was India's largest new-age end-to-end e-commerce enablement platform by revenue in FY25. The company began as a shipping platform. Its main services are domestic shipping and shipping software, with features such as instant pickup, order tracking, safe delivery, weight check and faster cash-on-delivery settlement. Over the years it has added many more services. These include fulfilment centres, cargo and heavy logistics, omnichannel commerce through Shiprocket Omuni, international shipping with customs help, advertising and marketing tools, checkout and payment solutions, business loans and hyperlocal delivery. For international orders it runs five major shipping lanes linking India with the United States, the United Kingdom, Canada, Europe and Singapore. Through these routes it served customers in 146 countries in FY2026. The company mostly earns through usage-based pricing. Merchants pay according to how much they use the platform, such as the number of shipments, the number of transactions or the value of orders processed.

Objects of the issue

1. Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business and for Core Business₹365.6 Cr
2. Investment in marketing initiatives primarily for the Emerging Business and for the Core Business₹205.8 Cr
3. Investment in technology infrastructure and capabilities primarily for the Emerging Business and for the Core Business₹159.8 Cr
4. Repayment / prepayment, in full or in part, of certain borrowings availed of by the Company including payment of the interest accrued thereon₹210 Cr
5. Funding inorganic growth through unidentified acquisitions and general corporate purposes

Promoters and shareholding

Shares outstanding, pre-issue

Nil

Shares outstanding, post-issue

Nil