Shiprocket Ltd IPO
E-Commerce/App based Aggregator
Price Band
₹92 – ₹97
Lot Size
154
Minimum Bid Quantity
154
Minimum Investment
₹14938
Issue Size
₹1617.49Cr
Opens
2026-08-12
Closes
2026-08-14
Listing
19-08-2026
Subscription Status
Qualified Institutional Buyers
122.8 x
Non-Institutional Investor
88.64 x
Retail Individual Investor
45 x
Employees
54.43 x
Total
99.02 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0FOO01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Shiprocket is a technology platform that provides solutions for e-commerce transactions, including logistics, checkout, payments, fulfilment and cross-border trade. Its core business includes a domestic shipping platform that provides merchants access to logistics partners for deliveries within India, along with shipping applications for order tracking, pickups, secure shipments, weight management and cash-on-delivery remittance. The company also offers fulfilment services through fulfilment centres across India, a cargo platform for partial and full truckload deliveries and Shiprocket Omuni for managing online marketplaces, brand websites and physical retail stores. Its cross-border offerings include ShiprocketX for international parcel shipments and CargoX for international B2B cargo deliveries. Other offerings include advertising and marketing solutions, Fastrr Checkout, capital solutions through lending partners, and Shiprocket Quick for hyperlocal deliveries. The company operates through a technology platform and an ecosystem of logistics, fulfilment, payments, communication and other partners serving merchants across India and international markets.
Pros
- • The company operates an asset-light business model without owning delivery fleets or fulfilment centres. Its common technology infrastructure supports merchant management, billing, customer support and CRM functions, allowing it to add shipping and other services without significant physical infrastructure investments.
- • The company has a large and diversified merchant base. In FY26, it served 214,769 Active Merchants, while its top 1, 5 and 20 merchants contributed 2.83%, 7.43% and 17.65% of revenue from operations, respectively, indicating relatively low dependence on individual merchants.
- • The company processes a large volume of transactions and consumer data through its platform. Between October 2016 and March 2026, it processed more than 730 million unique transactions and served more than 155 million end consumers, which it uses for logistics recommendations, RTO risk assessment, checkout and other AI-driven functions.
Cons
- • The company recorded restated loss for the year of Rs 79.24 crore, Rs 74.45 crore, and Rs 595.18 crore in FY26, FY25, and FY24, respectively. Any failure to generate adequate revenue growth and manage its expenses could result in continued losses and adversely affect the company’s financial condition.
- • The company’s revenue and cash flows are dependent on the operational performance and transaction volumes of its merchants. A decline in merchant sales, web traffic, order volumes or the ability of the company to attract and retain merchants could reduce transaction volumes on its platform and adversely affect its business, financial condition, cash flows and results of operations.
- • The company recorded negative cash flows from operating activities of Rs 215.99 crore in FY24, primarily due to increased operating expenses attributable to acquisitions and investments made to scale its emerging business segment, while it recorded positive cash flows of Rs 1.90 crore and Rs 52.64 crore in FY25 and FY26, respectively. Any inability to maintain positive operating cash flows could adversely affect the company’s liquidity, working capital and ability to implement its growth plans.
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