SHIPROCKET LTD IPO: Company Review, Subscription and Allotment Updates
2026-08-11 — Company overview and issue details SHIPROCKET LTD IPO (ABOUT THE COMPANY) SHIPROCKET LTD – COMPANY BACKGROUND Shiprocket Ltd was incorporated in 2011 and is an Indian ecommerce enablement company. Its tech-driven solutions…
2026-08-11 — Company overview and issue details
SHIPROCKET LTD IPO (ABOUT THE COMPANY)
SHIPROCKET LTD – COMPANY BACKGROUND
Shiprocket Ltd was incorporated in 2011 and is an Indian ecommerce enablement company. Its tech-driven solutions are largely directed at SMEs and MSMEs. They also help large retailers establish and grow their digital presence across India. It was ranked by Redseer as India’s largest end-to-end ecommerce enablement play in India. Specifically, Shiprocket Ltd offers cargo and fulfilment services, cross border shipping solutions, as well as marketing and business solutions. It is active across 5 major shipping lanes globally and serves customers in over 140 countries. It also offers omnichannel commerce solutions.
Shiprocket Ltd is a professionally owned and managed group and does not have an identified promoter group. The IPO will be a combination of a fresh issue of shares and an offer for sale (OFS) component. The fresh issue funds will be used for marketing initiatives, technology infrastructure, repayment of loans, and to fund inorganic growth. The OFS is being done entirely by investor-shareholders. The issue is being lead-managed by Axis Capital, BOFA Securities, JM Financial, and Kotak Mahindra Capital; while KFIN Technologies Ltd is the registrar to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF SHIPROCKET LTD
Here are the key highlights of the public issue of Shiprocket Ltd.
The IPO is open from August 12th, 2026 to August 14th, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹92 to ₹97 per share.
The IPO of Shiprocket Ltd will be a combination of a fresh issue of shares and an offer for sale of shares by the investor shareholders.
The Fresh Issue portion of the IPO comprises the issue of 9,12,99,203 shares (912.99 lakh shares), which at the upper price band of ₹97 per share, translates into a fresh issue size of ₹885.60 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 7,54,62,363 shares (754.62 lakh shares), which at the upper price band of ₹97 per share, translates into an OFS size of ₹731.98 crore.
Therefore, the overall IPO will comprise of the fresh issue portion and offer for sale (OFS) portion comprising of 16,67,61,566 shares (1,667.62 lakh shares), which at the upper price band of ₹97 per share translates into overall issue size of ₹1,617.59 crore.
The company, Shiprocket Ltd, is a professionally owned and managed company with no identified promoter group.
The IPO of Shiprocket Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on August 11, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Shiprocket Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wednesday, 12 August, 2026 |
| IPO Close Date | Friday, 14 August, 2026 |
| Basis of Allotment | Monday, 17 August, 2026 |
| Initiation of Refunds to non-allottees | Tuesday, 18 August, 2026 |
| Credit of Shares to Demat | Tuesday, 18 August, 2026 |
| Listing Date on NSE and BSE | Wednesday, 19 August, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | 1,20,481 shares | 0.07% of total IPO size |
| Anchor Allocation | 7,49,91,568 shares | 44.26% of total IPO size |
| QIB Shares Offered | 5,09,69,864 shares | 30.08% of total IPO size |
| NII (HNI) Shares Offered | 2,60,07,411 shares | 15.35% of total IPO size |
| Retail Shares Offered | 1,73,38,274 shares | 10.23% of total IPO size |
| Total Shares Offered | 16,94,27,598 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Shiprocket Ltd for various categories of investors.
| 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 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 154 shares)
FINANCIAL HIGHLIGHTS OF SHIPROCKET LTD
The table captures the key financials of Shiprocket Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 2,024.14 | 1,632.01 | 1,315.98 |
| Sales Growth (%) | 24.03% | 24.02% | |
| Profit after Tax (₹ in crore) | -79.25 | -74.45 | -595.18 |
| PAT Margins (%) | -3.91% | -4.56% | -45.23% |
| Total Equity (₹ in crore) | 1,524.31 | 1,491.25 | 1,286.18 |
| Total Assets (₹ in crore) | 2,504.77 | 2,308.62 | 2,051.22 |
| Return on Equity (%) | -5.20% | -4.99% | -46.28% |
| Return on Assets (%) | -3.16% | -3.22% | -29.02% |
| Asset Turnover Ratio (X) | 0.81 | 0.71 | 0.64 |
| Earnings per share (₹) | -1.23 | -1.24 | -10.32 |
| EBITDA (₹ in Crore) | 17.65 | 7.03 | -127.96 |
| EBITDA Margins (%) | 0.87% | 0.43% | -9.72% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
While sales have shown steady growth of 24% in the last 2 years, the company is still loss making. Hence most of the ratios like ROE and PAT margins are not too relevant. The company only moved into positive EBITDA in the previous year, and even now the EBITDA margins are under 1%. Hence, the decision will have to be on cash burn and quality issues.
VALUATION METRICS OF SHIPROCKET LTD IPO
Being a loss-making company, the P/E ratio may not be too relevant in this case. That is because the discounting is hard to establish, although the valuations seem to be at par with other similar digital companies in the similar line of business when we look at EV/EBITDA. However, in this case, it is the qualitative issues and the business model robustness that would matter more from an investor perspective.
The company has a scalable business model, so the real advantages of scale may eventually kick in. The challenge is to keep cash-burn in check till then. It is likely to gain from the platform and network effect in the coming quarters. For now, the only thing we have on the table is the scale advantage. Investors putting money in the IPO have to bet on the network effect and the platform effect in the next few years; and take a longer-term perspective.
2026-08-11 — Anchor allocation
SHIPROCKET LTD IPO (ANCHOR ALLOCATION 44.26%)
BRIEF ON ANCHOR ALLOCATION OF SHIPROCKET LTD
The anchor issue of Shiprocket Ltd saw a robust response on 11th August 2026 with 44.26% of the IPO size absorbed by anchors. Out of 16,94,27,598 shares (1,694.28 lakh shares) on offer in the IPO; anchors picked up 7,49,91,568 shares (749.92 lakh shares) accounting for 44.26% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹97 per share. This includes the face value of ₹10 per share plus a share premium of ₹87 per share. The anchor bidding opened and closed on 11th August 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Shiprocket Ltd
| Bid Date | August 11, 2026 |
|---|---|
| Shares Offered | 7,49,91,568 shares |
| Anchor Portion Size (₹ in crore) | ₹727.42 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Sep 15, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Nov 14, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN SHIPROCKET LTD
On 11th August 2026, Shiprocket Ltd allotted 7,49,91,854 shares to a total of 50 anchor investors. The allocation was done at the upper IPO price band of ₹97 per share which resulted in overall anchor allocation of ₹727.42 crore. The anchors have already absorbed 44.26% of the total issue size of ₹1,643.34 crore, after factoring in the employee discount offered in the IPO.
Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹386.77 crores, or, 53.17% of the overall anchor allocation of shares, one trading day ahead of the IPO of Shiprocket Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Nippon India Small Cap Fund | 51,54,534 | 6.87% | ₹ 50.00 |
| 02 | Nomura Funds - India Equity Fund | 46,39,096 | 6.19% | ₹ 45.00 |
| 03 | Ashoka Whiteoak EM Equity Fund | 46,39,096 | 6.19% | ₹ 45.00 |
| 04 | Public Sector Pension Board - IIFL | 46,39,096 | 6.19% | ₹ 45.00 |
| 05 | Magnum Hybrid Long-Short Fund | 41,23,658 | 5.50% | ₹ 40.00 |
| 06 | Mirae Asset Aggressive Hybrid Fund | 40,20,478 | 5.36% | ₹ 39.00 |
| 07 | SBI Innovative Opportunities Fund | 36,08,220 | 4.81% | ₹ 35.00 |
| 08 | Goldman Sachs India Equity Portfolio | 36,07,912 | 4.81% | ₹ 35.00 |
| 09 | Kotak Pioneer Fund | 28,35,140 | 3.78% | ₹ 27.50 |
| 10 | UTI Small Cap Fund | 26,05,988 | 3.48% | ₹ 25.28 |
| Grand Total | 3,98,73,218 | 53.17% | ₹ 386.77 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.
Out of the 7,49,91,568 shares allocated to the anchors in the IPO, there was an allocation of 5,00,62,456 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 31 MF scheme of 13 asset management company (AMC). Mutual funds accounted for 66.76% of the overall anchor allocation.
Out of the 7,49,91,568 shares allocated to the anchors in the IPO, there was an allocation of 53,41,534 shares made to 4 life insurance companies regulated by IRDAI, representing 7.12% of the total anchor allocation. The remaining anchor allocation was spread across FPIs, ODIs, and alternate investment funds (AIFs).
NEXT STEPS IN SHIPROCKET LTD IPO
Post the closure of the IPO subscription on 14th August 2026, the basis of allotment will be finalized on 17th August 2026 and the refunds will be initiated on 18th August 2026. In addition, the demat credits are expected to also happen on 18th August 2026 and the stock will list on 19th August 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 18th August 2026 under ISIN (INE0FOO01011).
2026-08-14 — Day-3 subscription update
Shiprocket Ltd (Day-3 Final Subscription at 99.38 times)
SHIPROCKET LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.10 pm on 14th August 2026, out of the 944.36 lakh shares on offer in the IPO (excluding anchor portion), Shiprocket Ltd saw bids for 93,852.82 lakh shares. This implies an overall subscription of 99.38X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Shiprocket Ltd was as under:
| Employees (55.51x) | QIBs (122.80X) | HNI / NII (88.99X) | Retail (46.42X) |
|---|
The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 44.26% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 7,49,91,568 | 7,49,91,568 | 727.42 |
| Employee Quota | 55.51 | 1,20,481 | 66,87,758 | 64.87 |
| QIB Investors | 122.80 | 5,09,69,864 | 6,25,93,38,316 | 60,715.58 |
| HNIs / NIIs | 88.99 | 2,60,07,411 | 2,31,44,03,938 | 22,449.72 |
| Retail Investors | 46.42 | 1,73,38,274 | 80,48,52,202 | 7,807.07 |
| Total | 99.38 | 9,44,36,030 | 9,38,52,82,214 | 91,037.24 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Shiprocket Ltd was open up to August 14, 2026, and has closed for subscription as of the close of trading hours on August 14, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹91,764.66 crore.
NEXT STEPS IN THE SHIPROCKET LTD IPO
Post the closure of the IPO subscription on 14th August 2026, the basis of allotment will be finalized on 17th August 2026 and the refunds will be initiated on 18th August 2026. In addition, the demat credits are expected to also happen on 18th August 2026 and the stock will list on 19th August 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 18th August 2026 under ISIN (INE0FOO01011).
2026-08-14 — Allotment guidance and next steps
Shiprocket Ltd (How to check allotment status online)
ABOUT THE SHIPROCKET LTD IPO
The IPO of Shiprocket Ltd opened on August 12th, 2026 and closed on August 14th, 2026. The IPO comprised of a fresh issue and an offer for sale (OFS) of 16,94,27,598 shares (1,694.28 lakh shares) worth ₹1,643.45 crore at the upper band price of ₹97 per share. The allotment status will be finalized by EOD of August 17, 2026. Here is how to check allotment status for the IPO of Shiprocket Ltd. You can check IPO status on BSE or NSE or IPO Registrar website of KFIN Technologies Ltd (KFINTECH).
CHECKING ALLOTMENT STATUS OF SHIPROCKET LTD ON BSE WEBSITE
This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Shiprocket Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Alternatively, Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Shiprocket Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF SHIPROCKET LTD ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select SHIPROCKET from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Shiprocket Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF SHIPROCKET LTD ON KFIN TECHNOLOGIES LTD (REGISTRAR TO THE IPO)
Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:
https://kosmic.kfintech.com/ipostatus/
KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select Shiprocket Ltd.
THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD
To Query by Application Number, check the appropriate box and follow these steps.
Enter the Application Number as it is
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.
To Query by Demat Account, check the appropriate box and follow these steps.
First select the depository (NSDL / CDSL)
Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
Enter the Client-ID in the second box
For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
To Query by PAN, check the appropriate box and follow these steps.
Enter the 10-Character PAN number, available on your PAN card
After you enter the PAN number, Enter the 6-digit numeric Captcha Code
Click on Submit button
Allotment status gets displayed on screen
If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.
NEXT STEPS IN THE SHIPROCKET LTD IPO
Post the closure of the IPO subscription on 14th August 2026, the basis of allotment will be finalized on 17th August 2026 and the refunds will be initiated on 18th August 2026. In addition, the demat credits are expected to also happen on 18th August 2026 and the stock will list on 19th August 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 18th August 2026 under ISIN (INE0FOO01011).
Interested in applying for this IPO?
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