SHIPROCKET LIMITED IPO — Subscription & GMP

closedMainboardBOTHNSE: SHIPROCKETBSE: SHIPROCKETBSE code: 4736
Grey market premium
+₹32
1 source · 2 min ago
Est. listing gain
+32.99%
implies ₹129 on listing
Subscribed
68.65×
exchange data · 14 min ago
Min. investment
₹14,938
154 shares × ₹97
Price band
₹92 – ₹97
Lot size
154
Issue size
₹916.03 Cr
Bidding
12 Aug 2026 → 14 Aug 2026
Allotment
—
Listing
—

Schedule

  1. 12 Aug 2026IPO open date
  2. 14 Aug 2026IPO close date
  3. 17 Aug 2026Allotment date†
  4. 17 Aug 2026Funds unblock or debit†
  5. 19 Aug 2026Tentative listing date†

† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.

Fundamentals

The business, its valuation and returns

Shiprocket Limited operates as a prominent e-commerce enablement and tech-enabled logistics technology platform. Core Mechanism: Functioning on a technology-first, asset-light Software-as-a-Service (SaaS) marketplace model, it connects direct-to-consumer (D2C) brands, small and medium enterprises (SMEs), and social sellers with multiple courier and logistics partners. Service Portfolio: Beyond basic shipping aggregation, its unified platform offers end-to-end solutions, including warehouse and order fulfillment, cross-border export logistics, AI-powered checkout, and customer engagement tools. Revenue Generation:* The company monetizes its ecosystem through transaction-based fees, subscription services, and value-added logistics offerings. Its core domestic shipping revenue is primarily driven by wholesale-to-retail courier rate margins, which is supplemented by high-growth segments like international shipping, warehousing, and marketing SaaS tools.

We do not yet hold parsed fundamentals for this issue. Ratios are published in the RHP and the basis-of-issue-price advertisement.

Official source: Basis of Issue Price / ratios filing (NSE) — carries P/E, RoNW and EPS pre and post issue as filed.

GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Grey market premium

Unofficial · not from any exchange

Upper band ₹97 + GMP ₹32 implies a listing around ₹129 (+32.99%). That is what the grey market is pricing, not a forecast.

Subscription status

Live from NSE · fetched 13 min ago
Overall subscribed
68.65×
exchange data, 14 min ago
QIB
82.14×
418.68 Cr of 5.10 Cr shares
NII
65.88×
171.33 Cr of 2.60 Cr shares
Retail
33.29×
57.71 Cr of 1.73 Cr shares
CategoryShares offeredShares bid forSubscribed
1Qualified Institutional Buyers(QIBs)5.10 Cr418.68 Cr82.14×
1(a)Foreign Institutional Investors(FIIs)—142.91 Cr—
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)—177.85 Cr—
1(c)Mutual funds—35.23 Cr—
1(d)Others—62.69 Cr—
2Non Institutional Investors2.60 Cr171.33 Cr65.88×
2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)1.73 Cr129.20 Cr74.52×
2.1(a)Corporates—1.23 Cr—
2.1(b)Individuals(Other than RIIs)—121.02 Cr—
2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)86.69 L42.13 Cr48.60×
3Retail Individual Investors(RIIs)1.73 Cr57.71 Cr33.29×
3(b)Price bids—7.64 Cr—
4Employees1.20 L53.04 L44.02×
4(a)Cut Off—45.01 L—
4(b)Price Bids—8.03 L—
Total9.44 Cr648.26 Cr68.65×

Source: NSE issue information · BSE public issue

Demand curve

Shares bid at each price point · BSE

₹92 → ₹97 · peak 939.46 Cr shares bid

Anchor investors

From NSE's anchor allocation filing

Anchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.

Anchor allocation
7.50 Cr
shares placed with anchors
Anchor price
₹97
per share
Amount raised
₹727.42 Cr
from anchor investors
Investors
50
largest 4.81%
#Anchor investorShares% of anchorAmount
1SBI INNOVATIVE OPPORTUNITIES FUND36.08 L4.81%₹35.00 Cr
2MAGNUM HYBRID LONG SHORT FUND41.24 L5.50%₹40.00 Cr
3HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND10.34 L1.38%₹10.03 Cr
4HDFC MUTUAL FUND - HDFC TRANSPORTATION AND LOGISTICS FUND25.63 L3.42%₹24.87 Cr
5HDFC MUTUAL FUND - HDFC BUSINESS CYCLE FUND10.34 L1.38%₹10.03 Cr
6HDFC MUTUAL FUND - HDFC MULTI CAP FUND18.61 L2.48%₹18.05 Cr
7HDFC MUTUAL FUND - HDFC INNOVATION FUND6.20 L0.83%₹6.02 Cr
8HDFC MUTUAL FUND - HDFC TECHNOLOGY FUND6.20 L0.83%₹6.02 Cr
9NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND51.55 L6.87%₹50.00 Cr
10NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA INNOVATION FUND25.77 L3.44%₹25.00 Cr
11KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TRANSPORTATION & LOGISTICS FUND10.31 L1.37%₹10.00 Cr
12KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTION FUND15.46 L2.06%₹15.00 Cr
13KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TECHNOLOGY FUND10.31 L1.37%₹10.00 Cr
14KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES FUND12.89 L1.72%₹12.50 Cr
15KOTAK PIONEER FUND28.35 L3.78%₹27.50 Cr
16NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND - INDIA EQUITY FUND46.39 L6.19%₹45.00 Cr
17ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND46.39 L6.19%₹45.00 Cr
18PUBLIC SECTOR PENSION INVESTMENT BOARD - IIFL ASSET MANAGEMENT LIMITED46.39 L6.19%₹45.00 Cr
19GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO36.08 L4.81%₹35.00 Cr
20GOLDMAN SACHS ETF TRUST - GOLDMAN SACHS INDIA EQUITY5.16 L0.69%₹5.00 Cr
21NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT L.P.5.16 L0.69%₹5.00 Cr
22MIRAE ASSET AGGRESSIVE HYBRID FUND40.20 L5.36%₹39.00 Cr
23MIRAE ASSET INFRASTRUCTURE FUND6.19 L0.82%₹6.00 Cr
24UTI SMALL CAP FUND26.06 L3.48%₹25.28 Cr
25UTI INNOVATION FUND10.02 L1.34%₹9.72 Cr
26MOTILAL OSWAL LARGE CAP FUND20.62 L2.75%₹20.00 Cr
27MOTILAL OSWAL CONSUMPTION FUND15.46 L2.06%₹15.00 Cr
28BANDHAN BUSINESS CYCLE FUND3.80 L0.51%₹3.68 Cr
29BANDHAN INNOVATION FUND6.65 L0.89%₹6.45 Cr
30BANDHAN FOCUSED FUND25.64 L3.42%₹24.87 Cr
31ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED16.09 L2.15%₹15.60 Cr
32TATA AIA LIFE INSURANCE COMPANY LIMITED A/C SMALL CAP DISCOVERY FUND (ULIF 071 22/05/23 SCF 110)16.09 L2.15%₹15.60 Cr
33AXIS MAX LIFE INSURANCE LIMITED PENSION PRESERVER FUND(ULIF01815/02/13PENSPRESER104)10,3180.01%₹0.10 Cr
34AXIS MAX LIFE INSURANCE LIMITED PENSION MAXIMISER FUND (ULIF01715/02/13PENSMAXIMI104)1.03 L0.14%₹1.00 Cr
35AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00625/11/05PENSBALANC104 - PENSION BALANCED FUND10,3180.01%₹0.10 Cr
36AXIS MAX LIFE INSURANCE LIMITED A/C - ULGF00217/04/06GRATBALANC104 - GROUP GRATUITY BALANCED FUND20,7900.03%₹0.20 Cr
37AXIS MAX LIFE INSURANCE LIMITED A/C UMFPH - HIGH GROWTH PENSION FUND41,2720.06%₹0.40 Cr
38AXIS MAX LIFE INSURANCE LIMITED A/C UHG2S - INDIA CONSUMPTION OPPORTUNITIES FUND30,9540.04%₹0.30 Cr
39AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH6.96 L0.93%₹6.75 Cr
40AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00225/06/04LIFEBALANC104 - BALANCED FUND6.96 L0.93%₹6.75 Cr
41PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA SMALL CAP FUND12.87 L1.72%₹12.48 Cr
42PGIM INDIA TRUSTEE PRIVATE LIMITED A/C - PGIM INDIA MULTI CAP FUND3.22 L0.43%₹3.12 Cr
43BARODA BNP PARIBAS SMALL CAP FUND5.16 L0.69%₹5.00 Cr
44EDELWEISS LARGE CAP FUND2.58 L0.34%₹2.50 Cr
45EDELWEISS RECENTLY LISTED IPO FUND2.58 L0.34%₹2.50 Cr
46ITI FLEXI CAP FUND5.16 L0.69%₹5.00 Cr
47SUSQUEHANNA PACIFIC PTY LTD5.16 L0.69%₹5.00 Cr
48EDELWEISS LIFE INSURANCE COMPANY LIMITED5.15 L0.69%₹5.00 Cr
49UNION CONSUMPTION FUND5.16 L0.69%₹5.00 Cr
50SOCIETE GENERALE - ODI5.16 L0.69%₹5.00 Cr

Read from NSE's anchor allocation report · 2 d ago. Published only because the 50 rows reconcile exactly against the 7.50 Cr shares the filing itself declares.

Equity split

Fresh equity vs offer for sale
₹885.50 Crto the company
Fresh equitynew capital, into the company's books
₹885.50 Cr 54.8%
Offer for saleto selling shareholders — the company receives nothing
₹731.99 Cr 45.3%
Total issue size
₹1.62k Cr

Read from the issue size stated in NSE's filing.

News about this IPO

All IPO news →

Allotment status

Allotment status is not out yet. The registrar is KFin Technologies Limited.

Issue details

Price band
₹92 – ₹97
Lot size
154 shares
Min. bid quantity
154
Face value
₹10.00
Tick size
₹1.00
Shares offered
9.44 Cr
Issue size
₹916.03 Cr
Max bid · QIB
9.43 Cr
Max bid · NII
4.33 Cr
Employee discount
Employee Discount of Rs 9 to Eligible Employees

Timeline & process

Bidding opens
12 Aug 2026
Bidding closes
14 Aug 2026
Bidding hours
10.00 am to 5.00 pm
UPI mandate cutoff
14-August-2026 (Upto 5.00 pm)
Allotment
—
Listing
—

Intermediaries

Registrar
KFin Technologies Limited
Sponsor bank
HDFC BANK
Lead managers
Axis Capital Limited, BofA Securities IndiaLimited, JM Financial Limited, Kotak Mahindra CapitalCompany Limited

Documents

Price band notice
PDF
Prospectus
View