The IPO received bids for 17.63 crore equity shares against 9.44 crore shares on offer.
Retail investors led the subscription activity, with the portion reserved for them subscribed 6.24 times. The non-institutional investor (NII) category was subscribed 2.53 times, while the qualified institutional buyer (QIB) portion was subscribed 2%.
The issue had received a strong response on the first day of bidding.
In the grey market, Shiprocket shares are currently commanding a premium of around 35% over the upper end of the IPO price band, signalling strong investor interest ahead of the listing.
The ₹1,617.5-crore IPO, backed by Bertelsmann, Temasek, Tribe Capital and Eternal, opened for subscription on August 12 and will close on August 14.
Ahead of the issue opening, Shiprocket allotted 7.50 crore equity shares to anchor investors and raised ₹727.41 crore at the upper end of the price band.
The anchor book attracted several marquee institutional investors, including the New York State Teachers Retirement System, managed by Goldman Sachs Asset Management, Nomura Funds Ireland, Société Générale-ODI and ICICI Prudential Life Insurance Company, among others.
Shiprocket has fixed the price band at ₹92-97 per share. Investors can bid for a minimum of 154 equity shares and in multiples thereafter.
At the upper end of the price band, the company is looking to raise ₹1,617.5 crore through a fresh issue of ₹885.5 crore and an offer for sale (OFS) of ₹731.9 crore by existing shareholders.
The company has reduced the size of its IPO from the proposed ₹2,342.3 crore outlined in its updated draft red herring prospectus (DRHP) filed in December 2025. The earlier issue comprised a fresh issue of ₹1,100 crore and an OFS of ₹1,242.3 crore.
Shiprocket, which filed its IPO papers through the confidential route, received approval from the Securities and Exchange Board of India (SEBI) in November 2025.
The OFS comprises stake sales by investors including Lightrock, Tribe Capital, Moore Strategic Ventures and Agility International Investment, as well as individual shareholders Gautam Kapoor, Saahil Goel and Vishesh Khurana.
The company has also reserved shares worth up to ₹1 crore for eligible employees, who may be offered the shares at a discount to the final issue price.
Bertelsmann is Shiprocket’s largest shareholder with a 21.32% stake, followed by Tribe Capital at 14.14%, Eternal at 6.85%, KDT Venture Holdings at 5.49% and Temasek-backed MacRitchie Investments at 5.29%.
Shiprocket operates a technology-driven e-commerce enablement platform providing logistics, checkout, payments, financing, fulfilment and cross-border commerce solutions to MSMEs and large retailers.
Of the fresh issue proceeds, ₹365.6 crore will be used to expand the company’s core and emerging business platforms, while ₹210 crore will be used to repay debt. The company had outstanding borrowings of ₹244.5 crore as of July 10, 2026.
The remaining proceeds will be deployed towards inorganic growth opportunities and general corporate purposes.
Shiprocket reported a net loss of ₹79.2 crore in FY26, compared with ₹74.4 crore in FY25. However, the loss was significantly lower than the ₹595.1 crore reported in FY24.
Revenue continued to grow at a healthy pace, rising 24% year-on-year to ₹2,024.1 crore in FY26, following a similar 24% growth in FY25.
While the reported net loss widened marginally in FY26, brokerages have highlighted improvement in adjusted profitability and operating margins as key positives for the company.
Axis Capital, BofA Securities India, JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the issue.
The basis of allotment is expected to be finalised on August 17, while Shiprocket shares are likely to list on the stock exchanges on August 19.
