Shiprocket is set to finalise the allotment for its ₹1,617.48‑crore IPO on Aug 17. The issue received almost 100 times subscription during the three‑day bidding period.
Bids totaled 938,5168,562 equity shares against 944,36030 shares offered, a 99.38× subscription. Qualified Institutional Buyers led the demand with 122.80×, followed by Non‑Institutional Investors at 88.99× and retail investors at 46.42×.
The IPO opened for subscription on Aug 12 and closed on Aug 14. Shiprocket fixed the price band at ₹92 to ₹97 per share, and the shares will list on the BSE and NSE on Aug 19.
A grey‑market premium of about ₹32 over the top price was observed, equivalent to roughly 33 percent. The GMP reflects market sentiment and does not guarantee the listing price.
Investors can check their allotment status on the registrar KFin Technologies’ portal or on the BSE and NSE websites. The allotment will be announced on Aug 17, with refunds or credit to demat accounts on Aug 18.
The ₹1,617.48‑crore issue includes a fresh offer of ₹885.48 crore and an offer‑for‑sale (OFS) of ₹732 crore by existing shareholders.
Before the IPO opened, Shiprocket raised ₹727.41 crore from 50 anchor investors on Aug 11, allocating 7.5 crore shares at ₹97 each. Anchor investors included Nomura, Ashoka WhiteOak, Goldman Sachs and Societe Generale.
Domestic mutual funds received 5 crore shares through 31 schemes, managed by SBI Mutual Fund, HDFC AMC, Nippon Life India, Kotak Mahindra AMC, UTI AMC, Mirae Asset, Edelweiss, PGIM India and Bandhan Mutual Fund.
Insurance companies such as Tata AIA Life, Axis Max Life and Edelweiss Life were allotted 53.41 lakh shares worth ₹51.8 crore.
Shiprocket plans to use ₹365.6 crore of the fresh issue proceeds for marketing, technology infrastructure and capabilities, and ₹210 crore for repayment or prepayment of borrowings. The remaining proceeds will fund acquisitions and general corporate purposes.
Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company served as book‑running lead managers.
The company reported a net loss of ₹79.2 crore in FY26, up from ₹74.4 crore in FY25. Revenue grew 24 percent year‑on‑year to ₹2,024.1 crore from ₹1,632 crore.
Shiprocket offers an end‑to‑end e‑commerce enablement platform covering logistics, checkout, payments, fulfilment and cross‑border trade, serving MSMEs and large retailers through technology‑driven solutions.