Shiprocket Limited is a technology-driven e-commerce enablement platform offering shipping, fulfilment, payments, cross-border logistics, and marketing solutions. Its integrated platform helps merchants efficiently manage their entire e-commerce operations through a single interface.
Its service portfolio includes:
- Marketing & Customer Engagement: AI-powered customer communication, marketing automation, and post-purchase engagement tools.
- Shipping & Logistics: Multi-courier shipping, order management, tracking, and returns.
- Fulfillment Solutions: Warehousing, inventory management, and fulfillment services through its fulfillment network.
- Cross-Border Commerce: International shipping and export solutions for Indian merchants.
- Financial Services: Payment collection, checkout, and working capital solutions.
The company operates an asset-light, technology-led platform that connects merchants with courier partners, marketplaces, and service providers, serving SMEs, D2C brands, and large enterprises through a single integrated platform.
As of Fiscal 2026, Shiprocket’s platform supported 214,769 active merchants, who processed 202.08 million unique transactions and served 69.58 million end consumers. The company also had 10,090 Power Merchants, reflecting its strong presence across businesses of all sizes.
As of March 31, 2026, Shiprocket had 1,063 permanent employees.
Shiprocket IPO – Details
| IPO Opening Date | 12 August 2026 |
| IPO Closing Date | 14 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 16,67,61,566 Shares Worth ₹1,617.59 Crore Fresh Issue: 9,12,99,203 Shares Worth ₹885.60 Crore Offer For Sale: 7,54,62,363 Shares Worth ₹731.98 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹92 – ₹97 per share |
| Market Lot | 154 Shares |
| Min Order | 154 Shares [1 Lot] |
| Employee Discount | ₹9 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Shiprocket IPO – Date Schedule
| IPO Open Date | 12 August 2026 |
| IPO Close Date | 14 August 2026 |
| Basis of Allotment | 17 August 2026 |
| Initiation of Refund | 18 August 2026 |
| Credit of Shares to Demat Account | 18 August 2026 |
| IPO Listing Date | 19 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2026 |
Shiprocket IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 154 | ₹14,938 |
| Retail (Max) | 13 | 2,002 | ₹1,94,194 |
| S-HNI (Min) | 14 | 2,156 | ₹2,09,132 |
| S-HNI (Max) | 66 | 10,164 | ₹9,85,908 |
| B-HNI (Min) | 67 | 10,318 | ₹10,00,846 |
Competitive Strength
- Profitable and scalable Core Business with Operating Leverage;
- Expanding platform network effects driving merchant growth and service adoption;
- Leveraging scale to optimize the business performance;
- Self-serve platform offering enterprise-grade experience drawing organic traffic;
- Diversified merchant base minimizing revenue concentration risk;
- Full transaction accountability enhancing merchant trust and retention;
- AI, data and automation-driven platform for operational efficiency;
- Modular and open platform enabling rapid expansion;
- Experienced leadership team and strong corporate governance.
Company Promoters
- No Identifiable Promoter
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹1,357.83 Cr | ₹1,708.64 Cr | – ₹595.18 Cr | ₹213.28 Cr |
| 31 March 2025 | ₹1,674.82 Cr | ₹1,749.29 Cr | – ₹74.45 Cr | ₹244.67 Cr |
| 31 March 2026 | ₹2,077.42 Cr | ₹2,153.36 Cr | – ₹79.25 Cr | ₹242.01 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROCE | -2.65% |
| RoNW | -5.20% |
| NAV | 23.96 |
| Price to Book Value | 4.14 |
| Pre IPO | Post IPO | |
| EPS (₹) | -4.01 | -ve |
| P/E (x) | -24.19 | -ve |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business and for Core Business. | ₹365.60 |
| Investment in marketing initiatives primarily for the Emerging Business and for the Core Business. | ₹205.80 |
| Investment in technology infrastructure and capabilities primarily for the Emerging Business and for the Core Business. | ₹159.80 |
| Repayment/prepayment, in full or in part, of certain borrowings availed of by the Company, including payment of the interest accrued thereon. | ₹210.00 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes. |
Shiprocket IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Unicommerce Esolutions Limited | 47.75 |
✅Strengths
- India’s leading e-commerce enablement platform.
- Diversified offerings beyond shipping.
- Large merchant base with strong transaction volumes.
- Asset-light, technology-driven business model.
- Scalable platform with AI-driven solutions.
⚠️Risks
- History of losses and profitability uncertainty.
- High dependence on shipping revenue.
- Reliance on third-party logistics partners.
- Intense competition in the e-commerce ecosystem.
- Merchant acquisition and retention risks.
Shiprocket IPO Prospectus
Company Contact Information
| Shiprocket Limited 416, Phase III, Udyog Vihar, Sector 20, Gurugram, Haryana, 122008 Phone: 9711623070 Email: support@shiprocket.in Website: https://www.shiprocket.in/ |
Shiprocket IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: shiprocket.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Shiprocket IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. BofA Securities India Limited 4. Kotak Mahindra Capital Company Limited |
Shiprocket IPO FAQs
| What is the Shiprocket IPO? Shiprocket IPO is a main-board IPO. The issue is priced at ₹92 to ₹97 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Shiprocket IPO open? The IPO is to open on 12 August 2026 for QIB, NII, and Retail Investors. |
| What is Shiprocket IPO investors’ portion? The investors’ portion is QIB – 75%, NII – 15%, and Retail – 10%. |
| What is the Shiprocket IPO Size? Shiprocket IPO size is ₹1,617.59 Crore. |
| What are the Shiprocket IPO Minimum and maximum lot sizes for Retail? The minimum bid is 154 Shares with ₹14,938, while the maximum bid is 2002 Shares with ₹1,94,194. |
| What is the Shiprocket IPO Allotment Date? Shiprocket IPO allotment date is 17 August 2026. |
| What is the Shiprocket IPO Listing Date? Shiprocket IPO listing date is 19 August 2026. The IPO is to be listed on the BSE and the NSE. |
