Shiprocket’s shares are trading at a strong premium in the grey market ahead of its initial public offering. The latest grey market premium (GMP) on August 10 was ₹26.50 per share, translating into a 27.32 percent premium over the upper end of the price band of ₹97. IPO Watch also reports a GMP of 27.32 percent.
The company has set its IPO price band at ₹92–97 per share. The ₹1,617.48 crore issue includes a fresh issue of ₹885.50 crore and an offer‑for‑sale of ₹731.98 crore. Shiprocket seeks a market capitalisation of ₹7,057.5 crore at the upper end of the band.
Subscription opens on August 12 and closes on August 14. The anchor book will open on August 11, allotment is expected on August 17, and shares are slated to list on the BSE and NSE on August 19, subject to changes.
Gurugram‑based Shiprocket is backed by investors such as Bertelsmann, Temasek, Tribe Capital and Eternal. Existing shareholders including Lightrock and Tribe Capital will sell shares through the offer‑for‑sale component.
Eligible employees receive a discount of ₹9 per share on the final issue price, and ₹1 crore worth of shares are reserved for the employee portion.
The minimum bid is 154 shares, costing ₹14,938 at the upper end of the price band. Retail investors can bid for up to 2,002 shares (13 lots), which equals a maximum application amount of ₹1,94,194.
The issue reserves not less than 75 percent of the net offer for qualified institutional buyers, no more than 15 percent for non‑institutional investors, and no more than 10 percent for retail investors.
Shiprocket plans to use ₹365.6 crore from the fresh issue for growth of its platforms, covering marketing initiatives and technology infrastructure. An additional ₹210 crore is earmarked for repayment or prepayment of certain borrowings. The remaining proceeds will fund inorganic growth through unidentified acquisitions and general corporate purposes.
As of March 31, 2026, Shiprocket’s total borrowings stood at ₹242.01 crore. The company continued to report losses in FY26, but the deficit has eased compared to FY24.
In FY26, Shiprocket recorded a consolidated loss after tax of ₹79.25 crore, compared with ₹74.45 crore in FY25 and ₹595.18 crore in FY24. Total income rose to ₹2,077.42 crore in FY26 from ₹1,674.82 crore in FY25, a growth of about 24 percent.
Shiprocket operates a technology‑enabled e‑commerce platform that offers logistics, fulfilment, payments, checkout, customer engagement and cross‑border commerce solutions to MSMEs, D2C brands and larger enterprises. The company has expanded beyond its original shipping and logistics business into warehousing, fulfilment, international shipping, digital marketing and payments.