Shiprocket IPO ends day 3 with 99.3x subscription on strong QIB push. Check GMP & other details

Shiprocket IPO ended its three-day subscription process with a blockbuster response across investor categories. Bidding picked up sharply on the third day, taking the issue to nearly 100 times subscription. The company received bids for 937 crore shares against 9.44 crore shares on offer.

The response was equally upbeat in the unlisted market, with the shares trading at a grey market premium of 38% over the upper issue price of Rs 97. The strong demand points to the possibility of a robust listing.

Backed by marquee investors such as Temasek and Eternal, Shiprocket aims to raise Rs 1,617.59 crore through the public issue. The IPO is priced in the range of Rs 92 to Rs 97 per equity share.


Shiprocket has already raised Rs 727.41 crore from anchor investors ahead of the IPO. The company allotted 7.50 crore equity shares at Rs 97 apiece, the upper end of the price band. Notably, 66.76% of the anchor allocation, or 5 crore shares, was picked up by 13 domestic mutual funds through 31 schemes. The strong participation underscores significant institutional interest in the IPO.

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The basis of allotment is expected to be finalised on August 17, with Shiprocket shares scheduled to list on the NSE and BSE on August 19, 2026.

The IPO comprises a fresh issue of 9.13 crore equity shares worth Rs 885.60 crore and an offer for sale (OFS) of 7.55 crore shares valued at Rs 731.98 crore. The OFS will see a mix of institutional and individual shareholders offload their holdings. LR India Fund I SARL.l.SICAV-RAIF is expected to be the largest selling shareholder, with estimated proceeds of Rs 258.49 crore, followed by Arvind Ltd., which is expected to realise around Rs 161 crore.

Shiprocket's co-founders, Gautam Kapoor and Saahil Goel, are also participating in the OFS and are each expected to realise approximately Rs 144 crore from the share sale. Meanwhile, Tribe Capital III LLC-Series 1 is estimated to receive around Rs 120 crore.

For retail investors, the minimum investment at the upper end of the price band was Rs 14,938 with a minimum bid for 154 shares.

Axis Capital Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is acting as the registrar.

Shiprocket IPO Subscription Status

The Shiprocket IPO received a strong response from investors, with the overall issue subscribed 99.31 times against the 9.44 crore shares on offer.

Institutional investors led the subscription activity, with the QIB category subscribed 122.8 times against the 5.09 crore shares reserved for them.

The Non-Institutional Investors (NIIs) category was subscribed 88.9 times against the 2.60 crore shares on offer. Meanwhile, Retail Individual Investors (RIIs) subscribed 46.04 times their reserved portion, with 1.73 crore shares earmarked for the category.

Shiprocket IPO GMP Today

Shiprocket's grey market premium (GMP) continues to signal strong investor sentiment. The IPO GMP currently stands at Rs 37 per share, representing a premium of around 38% over the upper end of the IPO price band of Rs 97.

At the current GMP, Shiprocket's estimated listing price is around Rs 134 per share, indicating a potential listing gain of approximately 38% over the upper issue price, if the grey-market trend holds.

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How Shiprocket Plans to Use IPO Proceeds

Shiprocket plans to deploy the net proceeds towards strengthening its technology platform, expanding operations, and accelerating growth initiatives. The company has earmarked Rs 294 crore for marketing and brand-building activities, while Rs 211 crore will be invested in enhancing technology infrastructure and capabilities across its emerging and core business segments.

Around Rs 210 crore will be utilised for repayment or prepayment of certain borrowings, including accrued interest. The remaining funds will be directed towards potential inorganic growth opportunities, including unidentified acquisitions, along with general corporate purposes.

About Shiprocket

Shiprocket is a technology-led e-commerce enablement platform that helps businesses manage online and offline commerce through an integrated suite of solutions. The company supports merchants with shipping, checkout, payments, fulfilment, cross-border trade, and customer experience tools.

The company began as a shipping-focused platform, helping businesses simplify logistics through features such as automated pickups, shipment tracking, secure deliveries, weight verification, and faster cash-on-delivery settlements. Over the years, it has expanded into a broader commerce ecosystem.

Its offerings now include fulfilment centres, cargo and heavy logistics solutions, omnichannel commerce through Shiprocket Omuni, international shipping support with customs assistance, advertising and marketing services, checkout and payment solutions, business financing, hyperlocal delivery, and other merchant-focused tools.

As of the six months ended September 30, 2025, Shiprocket served more than 1,45,000 active merchants who processed over 97 million transactions and reached more than 42 million customers. The platform recorded a repeat customer rate of 64.56%, highlighting strong merchant engagement.

The company caters to businesses across segments and sizes, including more than 8,500 high-volume "Power Merchants."

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