Shiprocket IPO Opens On 12 August 2026 With Price Band Of ₹92-97 Per Share

Shiprocket's ₹1,617.59 crore initial public offering (IPO) will open for public subscription on 12 August 2026. The Gurugram-based e-commerce enablement platform is raising fresh capital while also providing an exit to several existing investors through the offer for sale (OFS).

The issue includes a fresh issue worth ₹885.60 crore and an OFS of ₹731.98 crore. The price band has been fixed at ₹92-97 per equity share, while anchor investors will get a chance to bid a day earlier on 11 August 2026.

The Shiprocket IPO will remain open until 14 August 2026. Shiprocket expects to finalise the basis of allotment on 17 August 2026, with the shares scheduled to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 19 August 2026.

The company has also reserved shares worth up to ₹1 crore for eligible employees under the IPO.

Key Details About The Issue Structure

The Gurugram-based company has scaled back its IPO from the earlier planned size of ₹2,342.3 crore. The revised offer consists of a smaller fresh issue and OFS compared with the proposal submitted in its earlier draft papers. Shiprocket had filed its IPO documents through the confidential route, with the Securities and Exchange Board of India (SEBI) clearing the issue in November 2025.

The OFS will see several existing investors and shareholders pare their holdings. These include Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, and co-founders Gautam Kapoor, Saahil Goel, and Vishesh Khurana. Based on the latest offer details, LR India Fund I is expected to be the biggest selling shareholder, followed by Arvind Ltd, the two co-founders, and Tribe Capital.

Backed by investors such as Bertelsmann, Temasek, Tribe Capital, and Eternal, Shiprocket has built a technology platform that helps businesses manage shipping, checkout, payments, fulfilment, financing, and cross-border commerce through a single ecosystem.

How Will Shiprocket Use The IPO Proceeds?

Shiprocket plans to use ₹365.6 crore from the fresh issue to expand its core and emerging business platforms. Another ₹210 crore will be used to repay borrowings, which stood at ₹244.5 crore as of 10 July 2026. Separately, around ₹294 crore has been earmarked for marketing and brand-building, while ₹211 crore will be used to improve technology infrastructure.

Shiprocket has continued to grow despite remaining loss-making. Revenue climbed 24% year-on-year to ₹2,024.1 crore in FY26 after posting similar growth in the previous financial year. Its net loss widened slightly to ₹79.2 crore from ₹74.4 crore in FY25, but the figure is far lower than the ₹595.1 crore loss reported in FY24.

Shiprocket said its platform was used by more than 1,45,000 active merchants in the six months to 30 September 2025. Those merchants processed over 9.7 crore transactions and reached more than 4.2 crore customers.

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