Shiprocket IPO
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Shiprocket IPO details
Schedule of Shiprocket
| Issue open date | 12 Aug 2026 |
| Issue close date | 14 Aug 2026 |
| UPI mandate deadline | 14 Aug 2026 (5 PM) |
| Allotment finalization | 17 Aug 2026 |
| Refund initiation | 18 Aug 2026 |
| Share credit | 18 Aug 2026 |
| Listing date | 19 Aug 2026 |
| Mandate end date | 29 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 15 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shiprocket
Shiprocket Limited is an e-commerce enablement platform, providing a comprehensive suite of technology solutions designed to help merchants scale their online businesses. Its offerings are organized into two main segments: Core Business and Emerging Business.
The Core Business focuses on streamlining logistics, order fulfillment, and managing returns. It generates ~73% revenues and is profitable at operating level. The Emerging Business extends the company’s services to include cargo and fulfillment solutions with warehousing, cross-border shipping, and ads and marketing tools like a one-click checkout platform. This business is still small and not profitable.
Shiprocket also facilitates access to capital solutions by connecting merchants with lending partners and provides hyperlocal, on-demand delivery services, functioning as an integrated platform for various e-commerce operational needs.
Financials of Shiprocket
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1617.48 |
| Fresh Issue – Proceeds go to the company | 885.50 |
| Offer for sale – Proceeds go to the existing investors | 731.98 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Investment in platform growth | 365.6 (41.30%) |
| Repayment/prepayment of borrowings (including interest) | 210 (23.70%) |
| General corporate purposes | 309.9 (35%) |
Strengths
- Tech-enabled, end-to-end e-commerce and logistics enablement platform
- Large and diversified merchant base across MSMEs and enterprises
- Asset-light, scalable platform integrated with multiple logistics partners
- Broad product suite covering shipping, fulfilment, and cross-border services
- A professionally managed company with no promoters; founders each own under 5%
Risks
- History of losses and potential continuation of negative cash flows
- Over 80% of logistics is handled by the top 5 vendors, suggesting concentration risk
- High competition in e-commerce enablement and logistics markets
- Exposure to regulatory and policy changes
- Technology failures or outages could disrupt operations