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Shiprocket IPO
Price Band
₹92.0–97.0
Issue Size
₹1617.48 Cr
Lot Size
154 shares
Min Investment
₹14,938
GMP
+₹35.0 (36.08%)
Issue Price
₹97.0
Subject to Sauda
₹4100
Paid only if allotted
Shiprocket IPO AI Summary
- Shiprocket IPO is listed on BSE, NSE in the Logistics Solution Provider sector.
- Price band: ₹92.0–₹97.0 per share, lot size 154 shares (min. investment ₹14,938).
- Subscription window: 12 Aug–14 Aug 2026, listing on 19 Aug 2026.
- Current GMP is +₹35.0 (36.08%), an estimated listing price of ₹132 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shiprocket IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
102.28x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
125.20x
|
125x 🔥 |
| NII (HNI) |
92.58x
|
93x ✓ |
| ↳ bNII (>₹10L) |
103.18x
|
103x 🔥 |
| ↳ sNII (<₹10L) |
71.39x
|
71x ✓ |
| Retail (RII) |
48.38x
|
48x ✓ |
| Employee |
58.85x
|
59x ✓ |
| Total | 102.28x | 102.28x |
Auto-updated every 5 min · As of 14th Aug 2026 18:56
Shiprocket IPO Grey Market Premium (GMP) Today
GMP
+₹35.0
GMP %
+36.08%
Est. Listing
₹132.0
Updated: 19 Aug 2026 09:30
GMP Trend (Last 13 Days)
About the Company
Shiprocket is an end-to-end, technology-driven platform that helps Indian MSMEs and large retailers run their e-commerce businesses easily. It enables merchants to sell online and offline by simplifying shipping, checkout, payments, fulfilment, and cross-border trade. According to the Redseer Report, Shiprocket is India’s largest new-age end-to-end e-commerce enablement platform by revenue in FY25. Shiprocket was started as a shipping platform and its core business includes domestic shipping services and shipping apps that provide features like instant pickups, order tracking, secure delivery, weight checks, and faster COD payments. Over time, Shiprocket has expanded beyond shipping and now offers additional services to improve merchant operations and customer experience. These include fulfilment centres, cargo and heavy logistics services, omnichannel commerce through Shiprocket Omuni, international shipping with customs support, advertising and marketing solutions, checkout and payment tools, business loans, hyperlocal deliveries, and other merchant solutions. Shiprocket earns revenue mainly through usage-based pricing, where merchants pay based on how much they use the platform, such as the number of transactions or order value processed. In the six months ending September 30, 2025, Shiprocket supported over 145,000 active merchants who processed more than 97 million transactions and served over 42 million customers, with a repeat customer rate of 64.56%. The platform supports businesses of all sizes, including over 8,500 high-volume “Power Merchants.”
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,504.77 | 2,308.62 | 2,051.22 |
| Total Income | 2,077.42 | 1,674.82 | 1,357.83 |
| Profit After Tax | -79.25 | -74.45 | -595.18 |
| EBITDA | -16.56 | -17.16 | -495.89 |
| NET Worth | 1,524.29 | 1,491.23 | 1,284.16 |
| Total Borrowing | 242.01 | 244.67 | 213.28 |
Key Ratios
EPS
₹-1.25
NAV
₹23.96
ROCE
-2.65%
RoNW
-5.20%
P/B Value
4.05
P/E Ratio
-77.6
Market Cap
₹7057.50 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Unicommerce Esolutions Ltd | 17.17 | 10.6% | 47.75 | 1.79 | 1.78 |
| Shiprocket Ltd. This IPO | 23.96 | -5.2% | — | -1.24 | -1.24 |
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business and for Core Business 365.60 2 Investment in marketing initiatives primarily for the Emerging Business and for the Core Business 205.80 3 Investment in technology infrastructure and capabilities primarily for the Emerging Business and for the Core Business 159.80 4 Repayment / prepayment, in full or in part, of certain borrowings availed of by the Company including payment of the interest accrued thereon 210.00 5 Funding inorganic growth through unidentified acquisitions and general corporate purposes Total 941.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,357.83 Cr in FY 2024, rising to ₹1,674.82 Cr by FY 2025, and further increasing to ₹2,077.42 Cr in FY 2026. This indicates a consistent upward trend in revenue over the three fiscal years.
Profit Trend
Profit after tax was ₹-595.18 Cr in FY 2024, improving to ₹-74.45 Cr in FY 2025, and further narrowing to ₹-79.25 Cr in FY 2026. Although the losses have decreased over the years, the most recent figure is from a 12-month period and is not directly comparable to the prior year's figure due to the nature of the fiscal periods.
Valuation
At the issue price of ₹97.0, Shiprocket's implied P/E ratio is approximately -77.6, while peers are trading at a P/E range of 47.75. This indicates that Shiprocket is currently priced at a negative trailing earnings multiple compared to its peers.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often use GMP as an indicator of market sentiment towards an IPO.
Subscription Demand
As of 14th August 2026, the IPO has received a total subscription of 102.28 times, with significant interest from various categories. The Qualified Institutional Buyers (QIB) subscribed 125.2 times, Non-Institutional Investors (NII) subscribed 92.58 times, and Retail Investors (RII) subscribed 48.38 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. It is essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable returns may want to avoid IPOs like this, especially given the company's current financial performance and negative profit margins.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are subject to market conditions. While a positive GMP may suggest potential listing gains, there is no guarantee that the stock will perform well on its first day of trading. Investors should be prepared for the possibility of volatility.
This evaluation is generated from Shiprocket's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shiprocket IPO GMP today?
Shiprocket IPO GMP today is +₹35.0 (36.08%), indicating an estimated listing price of ₹132. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shiprocket IPO?
The price band of Shiprocket IPO is ₹92.0–₹97.0 per share.
When does Shiprocket IPO open and close?
Shiprocket IPO opens on 12 August 2026 and closes on 14 August 2026.
When does Shiprocket IPO list on the stock exchange?
Shiprocket IPO listed on 19 August 2026 at ₹132.0.
What is the lot size for Shiprocket IPO?
The lot size for Shiprocket IPO is 154 shares, requiring a minimum investment of ₹14,938.
What is the price band for the Shiprocket IPO?
The price band for the Shiprocket IPO is ₹92.0 to ₹97.0.
What is the minimum investment required?
The minimum investment required is ₹14,938.0.
What is the lot size for the IPO?
The lot size for the Shiprocket IPO is 154 shares.
When is the listing date for Shiprocket?
The listing date for Shiprocket is 19th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Aug 2026
Close
14 Aug 2026
Allotment
17 Aug 2026
Listing
19 Aug 2026
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