Shiprocket IPO price band fixed at Rs 92-97; Rs 1,618 crore issue to open on August 12

India’s leading e-commerce enablement platform, Shiprocket, is gearing up for its debut on the capital markets, with its much-awaited initial public offering (IPO) set to open for subscription on August 12, 2026. The company has fixed the IPO price band at Rs 92 to Rs 97 per equity share.

Backed by investors including Temasek and Eternal, Shiprocket plans to raise Rs 1,617.59 crore through the public issue. The issue size has been reduced by nearly 30% from its earlier plans as the company revised its fundraising strategy.

The three-day subscription window will remain open until August 14, 2026. Anchor investors will be able to participate in the bidding process on August 11, 2026. The basis of allotment is expected to be finalised on August 17, followed by the listing of Shiprocket shares 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 amounting to Rs 731.98 crore.

With its public market debut, Shiprocket aims to strengthen its position in India’s rapidly expanding e-commerce ecosystem while offering investors an opportunity to participate in the growth of the digital commerce infrastructure sector.

Under the OFS component, a mix of institutional and individual shareholders will sell shares. LR India Fund I S.a r.l. SICAV-RAIF is expected to be the largest selling shareholder, with estimated proceeds of Rs 258.49 crore. Arvind Ltd. follows with an estimated realisation of Rs 161 crore.

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

The minimum amount of investment required by an individual investor (retail) is Rs 14,938 (154 shares) based on the upper price. Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

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: Building India’s E-commerce Infrastructure Layer

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.

According to the Redseer Report, Shiprocket emerged as India’s largest new-age end-to-end e-commerce enablement platform by revenue in FY25.

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.

Shiprocket follows a usage-based revenue model, where merchants pay according to their platform usage, including transaction volumes and order values processed.

Strong Merchant Network and Growing Digital Commerce Opportunity

As of the six months ended September 30, 2025, Shiprocket served more than 145,000 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."

With India’s digital commerce ecosystem expanding rapidly and millions of small and medium businesses moving online, Shiprocket’s IPO will provide investors an opportunity to participate in the growth of a company positioned at the intersection of logistics, technology, and e-commerce infrastructure.

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