Shiprocket IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,357.83 | 1,674.82 | 2,077.42 |
| Expense | 1,708.64 | 1,749.27 | 2,153.36 |
| Profit (PAT) | 595.18 | 74.45 | 79.25 |
| Total Assets | 2,051.22 | 2,308.62 | 2,504.77 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Unicommerce Esolutions Limited | 1.79 | 47.75 | 10.60 | 17.17 | 204.34 Cr |
Promoters: No Identifiable Promoter.
Strengths & Risks
- Heavily oversubscribed — 102.2x overall (so far).
- Strong institutional (QIB) demand — 125.2x.
- Revenue grew 24% in the latest reported year.
Our data checks haven't flagged a specific concern for Shiprocket — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Incorporated in 2011, Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their E-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing Merchants to sell online and offline both efficiently. Initially, Shiprocket was just a shipping platform where they offered domestic shipping, instant pickups, order tracking, secure delivery, weight verification, and faster cash-on-delivery (COD) payment settlements. Over time, the firm decided to expand its business with Cargo and fulfilment services, Cross-border shipping, Advertising and marketing, and Merchant solutions. The company has five main international shipping routes that connect India with: the United States, the United Kingdom, Canada, Europe, and Singapore.
Shiprocket Ltd., 416, Phase III, Udyog Vihar,, Sector 20,, Gurugram, Haryana, 122008
| Purpose | Amount (Cr) |
|---|---|
| Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business and for Core Business | 365.60 |
| Investment in marketing initiatives primarily for the Emerging Business and for our Core Business | 205.80 |
| Investment in technology infrastructure and capabilities primarily for the Emerging Business and for our Core Business | 159.80 |
| Repayment / prepayment, in full or in part, of certain borrowings availed of by the Company including payment of the interest accrued thereon | 210.00 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | - |
Resources & Documents
Shiprocket has set a price band of Rs 92–Rs 97 per share for an issue size of Rs 1,617 crore. The stock listed with a 35.05% gain versus its issue price on August 19, 2026.
Incorporated in 2011, Shiprocket is a new-age merchant-first and AI-driven technology platform that helps MSMEs to operate their E-commerce business efficiently by providing services like logistics, checkout, payments, fulfillment, and cross-border trade, allowing Merchants to sell online and offline both efficiently. Initially, Shiprocket was just a shipping platform where they offered domestic shipping, instant pickups, order tracking, secure delivery, weight verification, and faster cash-on-delivery (COD) payment settlements.
The issue is promoted by No Identifiable Promoter. with Axis Capital Ltd., BOFA Securities India Ltd., JM Financial Ltd., Kotak Mahindra Capital Co. Ltd. acting as lead manager. Net proceeds will primarily be used towards Investment in the growth of Shiprockets platforms-Investment in marketing initiatives primarily for Emerging Business an… (Rs 366 crore) and Investment in marketing initiatives primarily for the Emerging Business and for our Core Business (Rs 206 crore).
On fundamentals, the company is posting revenue growth of 24.0%, a profit margin of 3.8% in its most recent reported period. Listed peers in this segment include Unicommerce Esolutions Limited (P/E 47.75x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Shiprocket IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Shiprocket GMP history and trend, or learn how grey market premium works and how reliable it is.
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