Bookbuilding IPO | ₹2,342 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Shiprocket Ltd. on October 31, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 18 months.
Shiprocket Ltd. IPO is a Book Build Issue of ₹2,342.35 crores consisting of a fresh issue of shares worth Rs ₹1,100.00 crores and an offer for sale (OFS) of ₹1,242.35 crores.
The equity shares are proposed to be listed on NSE and BSE. Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shiprocket IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹2,342 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹1,100 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹1,242 Cr) |
| Share Holding Pre Issue | 18,58,70,958 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, May 21, 2025 Confidential |
| SEBI/Exchange approval received | Fri, Oct 31, 2025 Confidential |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Shiprocket is an end-to-end, technology-driven platform that helps Indian MSMEs and large retailers run their e-commerce businesses easily. It enables merchants to sell online and offline by simplifying shipping, checkout, payments, fulfilment, and cross-border trade. According to the Redseer Report, Shiprocket is India’s largest new-age end-to-end e-commerce enablement platform by revenue in FY25.
Shiprocket was started as a shipping platform and its core business includes domestic shipping services and shipping apps that provide features like instant pickups, order tracking, secure delivery, weight checks, and faster COD payments.
Over time, Shiprocket has expanded beyond shipping and now offers additional services to improve merchant operations and customer experience. These include fulfilment centres, cargo and heavy logistics services, omnichannel commerce through Shiprocket Omuni, international shipping with customs support, advertising and marketing solutions, checkout and payment tools, business loans, hyperlocal deliveries, and other merchant solutions.
Shiprocket earns revenue mainly through usage-based pricing, where merchants pay based on how much they use the platform, such as the number of transactions or order value processed.
In the six months ending September 30, 2025, Shiprocket supported over 145,000 active merchants who processed more than 97 million transactions and served over 42 million customers, with a repeat customer rate of 64.56%. The platform supports businesses of all sizes, including over 8,500 high-volume “Power Merchants.”
Shiprocket Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 87% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,393.35 | 2,308.62 | 2,051.22 | 2,386.78 |
| Total Income | 970.79 | 1,674.82 | 1,357.83 | 1,126.90 |
| Profit After Tax | -38.32 | -74.45 | -595.18 | -359.31 |
| EBITDA | -9.39 | -17.16 | -495.89 | -307.80 |
| NET Worth | 1,507.67 | 1,491.23 | 1,284.16 | 1,699.87 |
| Reserves and Surplus | 1,447.53 | 1,431.09 | 1,227.93 | 1,642.88 |
| Total Borrowing | 233.79 | 244.67 | 213.28 | 171.81 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the growth of our Shiprocket’s platforms - Investment in marketing initiatives primarily for our Emerging Business and for our Core Business | 294.00 |
| 2 | Investment in the growth of our Shiprocket’s platforms - Investment in technology infrastructure and capabilities primarily for our Emerging Business and for our Core Business | 211.00 |
| 3 | Repayment / prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon | 210.00 |
| 4 | Funding inorganic growth through unidentified acquisitions and general corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| RoNW | -4.99% |
Shiprocket IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹2,342 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shiprocket IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shiprocket IPO using UPI as a payment gateway. Zerodha customers can apply in Shiprocket IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shiprocket IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shiprocket IPO dates are not announced. Please check back again after some time.
Shiprocket IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shiprocket IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shiprocket IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shiprocket IPO allotment status.
The Shiprocket IPO listing date is not yet announced. The tentative date of listing is .
