Shiprocket IPO: E-commerce Enablement Firm's Public Issue Booked 56% On First Day Of Subscription, Check Details

The initial public offering (IPO) of Shiprocket opened for subscription on August 12. The company's public issue is slated to close for subscription on August 14. On the first day of subscription, trends in grey market premium (GMP) for the company’s shares remained high. Here are some key details of the public issue which applicants should know before applying for the IPO.

Shiprocket IPO Subscription

The issue has been subscribed 56 per cent so far on the first day of subscription. Applicants across categories placed bids for approximately 52.98 million shares against the net offer of 94.43 million shares set aside for the public.

Employees of the company have a reserved quota of 1,20,481 shares. So far, employees of Shiprocket have applied for 4,05,174 shares, booking their quota 3.36 times.

Retail investors are driving the demand for the company’s shares on the first day of subscription, as they booked their quota 2.11 times. Retail investors applied for 36.54 million shares compared to the 17.33 million shares reserved for the category.

Non-institutional investors (NIIs) subscribed their quota of 61 per cent as they applied for 15.94 million shares compared to 26 million shares reserved for them. Qualified institutional buyers (QIBs) have 50.09 million shares reserved for them following the anchor investor allocation. So far, QIBs have applied for 82,082 shares of the company.

Shiprocket IPO GMP

Shares of Shiprocket are currently commanding a grey market premium (GMP) of Rs 32 above the upper end of the price band. Based on the upper price band of Rs 97 and the current GMP trends, the shares are expected to list at Rs 129 apiece, indicating an estimated listing premium of 32.99 per cent. However, investors must note that GMP is an unofficial market indicator and does not guarantee actual listing performance.

Shiprocket IPO: Anchor Investors

E-commerce enablement platform Shiprocket has raised Rs 727.41 crore from anchor investors. The anchor investment round took place on August 11. Shiprocket has allotted 75 million equity shares to anchor investors at Rs 97 apiece, the upper end of its price band. Some of the key investors who participated in the anchor round included SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Life Insurance, Nomura, and Goldman SachsAsset Management.

Shiprocket IPO Offer Size, Listing Date, Price Band

Shiprocket IPO issue size aggregates to Rs 1,617.48 crore and is a combination of a fresh issue of 91.3 million shares aggregating to Rs 885.50 crore and an offer for sale (OFS) of 75.5 million shares aggregating to Rs 731.98 crore.

The price band has been fixed at Rs 92 to Rs 97 per share. Retail individual investors (RIIs) can apply for the e-commerce company's public issue by placing bids for 154 shares or 1 lot, aggregating to a minimum investment of Rs 14,938 at the upper price band.

Shiprocket will finalise the share allotment status of the public issue on August 17. Successful applicants will receive shares of Shiprocket in their demat accounts on August 18. Refunds will be issued for unsuccessful applicants on August 18 as well. Shares of Shiprocket will tentatively list on the BSE and NSE on August 19.

Shiprocket: Key Financials

Shiprocket’s total income for the fiscal year ended March 31, 2026, stood at Rs 2,077.42 crore, up by 24 per cent year on year compared to Rs 1,674.82 crore. The company posted a net loss for the same period of Rs 79.25 crore, compared to a net loss of Rs 74.45 crore in the preceding fiscal. The net worth of the company grew by 2.21 per cent to Rs 1,524.29 crore compared to Rs 1,491.23 crore in the preceding fiscal.

Shiprocket IPO: Reservation

A major part of the public issue has been set aside for QIBs. As much as 10 per cent of the net offer size is reserved for the retail category, while 15 per cent has been set aside for NIIs. The remaining 75 per cent is allocated to QIBs.

Shiprocket: Promoters

Shiprocket operates with no identifiable promoters. All pre-issue holdings are distributed among existing shareholders rather than a distinct promoter group.

Shiprocket IPO: Objective

The company plans to use the net proceeds of the public issue to fund investment in the growth of Shiprocket platforms, including marketing initiatives primarily for the emerging business and for the core business. The proceeds will also be used for investment in technology infrastructure, repayment or prepayment of certain borrowings, funding inorganic growth through unidentified acquisitions, and for general corporate purposes.

About Shiprocket

Shiprocket is an Indian e-commerce enablement company which provides technology-led solutions which help micro, small and medium enterprises, direct-to-consumer brands, and large retailers manage. The company initially started as a shipping platform and now provides domestic and international shipping software, fulfilment centres, omnichannel commerce solutions, and marketing tools.