Shiprocket IPO
Incorporated in 2011, Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their E-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing Merchants to sell online and offline both efficiently.
IPO GMP
+₹36
+37% expected gain
Price Band
₹97
Lot Size
154 shares
Min Investment
₹14,938
Listing Date
August 19, 2026
About Shiprocket
Company overview, business, and key facts.
Incorporated in 2011, Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their E-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing Merchants to sell online and offline both efficiently.
Initially, Shiprocket was just a shipping platform where they offered domestic shipping, instant pickups, order tracking, secure delivery, weight verification, and faster cash-on-delivery (COD) payment settlements. Over time, the firm decided to expand its business with Cargo and fulfilment services, Cross-border shipping, Advertising and marketing, and Merchant solutions. The company has five main international shipping routes that connect India with: the United States, the United Kingdom, Canada, Europe, and Singapore.
Founded
2011
Headquarters
Gurugram, Haryana
Website
https://www.shiprocket.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Market-Leading E-Commerce Enablement Platform: Market leader in end-to-end horizontal e-commerce enablement platform in India with high number of merchants and extensive customer base.
- Self-Serve Platform: User-friendly self-service platform for easy merchant onboarding with limited hand-holding support to give the best enterprise-grade experience.
- AI and Technology-Based Operations: AI, data, and automation-based platform with highly scalable, secure, and reliable infrastructure to help in large scale and efficient operations.
Risks
- Acquisition and Integration Risk: Risk of failure of acquisition or integration of acquisitions and strategic investments into the business operations.
- Merchant Performance Risk: The company's revenue is dependent on the sales and transactions of the merchants. Under-performance of merchants and low customer demand can have a negative effect on revenues.
- Risk of Dependence on Ecosystem Partner: Risk of poor performance of ecosystem and cross-border partners.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Shiprocket IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹2,688.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
33.9x
Peer median 47.8x (discount of 29.1%)
Price to sales
1.29x
Revenue growth, 2026
+24%
23.7% a year over the period
Profit growth, 2026
+6.4%
-63.5% a year over the period
Profit margin (PAT)
3.8%
Issue mix
54.7% fresh / 45.3% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹5,544
154 shares on ₹14,938. GMP is unofficial.
What stands out
- Priced at a 29.1% discount to the peer median P/E of 47.8.
- GMP has been rising over the last three readings.
Watch-outs
- Thin profit margin: PAT margin was 3.8% in 2026.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
IPO Analysis SummaryAI-generated
A plain-language review of Shiprocket's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Shiprocket IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Shiprocket IPO is trading at a grey market premium (GMP) of +₹36 (+37% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 99.02x overall — QIB: 122.8x, NII: 88.64x, Retail: 45x.
Shiprocket IPO subscription has closed. The shares are expected to list on August 19, 2026.
The minimum investment required is ₹14,938 for 154 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Market-Leading E-Commerce Enablement Platform: Market leader in end-to-end horizontal e-commerce enablement platform in India with high number of merchants and extensive customer base.; Self-Serve Platform: User-friendly self-service platform for easy merchant onboarding with limited hand-holding support to give the best enterprise-grade experience.. Investors should note the following risks: Acquisition and Integration Risk: Risk of failure of acquisition or integration of acquisitions and strategic investments into the business operations.; Merchant Performance Risk: The company's revenue is dependent on the sales and transactions of the merchants. Under-performance of merchants and low customer demand can have a negative effect on revenues..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Shiprocket IPO — Frequently Asked Questions
What is Shiprocket IPO GMP today?
Shiprocket IPO GMP (grey market premium) today is +₹36, suggesting an estimated listing gain of +37%. GMP is indicative and subject to change.
What is the price band of Shiprocket IPO?
The price band for Shiprocket IPO is ₹97 with a lot size of 154 shares. The minimum investment required is ₹14,938.
When is Shiprocket IPO allotment date?
Shiprocket IPO allotment is expected to be finalised on August 17, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Shiprocket IPO list on NSE/BSE?
Shiprocket IPO is expected to list on BSE, NSE on August 19, 2026.
How to check Shiprocket IPO allotment status?
To check Shiprocket IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Shiprocket IPO?
Shiprocket IPO is showing a strong GMP of +₹36 (+37%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Shiprocket IPO?
The lot size for Shiprocket IPO is 154 shares per lot. The minimum investment for retail investors is ₹14,938. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.