Mumbai: The Shiprocket IPO will open for subscription on Wednesday, August 12, 2026, with the company fixing the price band at ₹92 to ₹97 per equity share of face value ₹10 each.
The public issue, aggregating up to ₹16,174.85 million (₹1,617.49 crore), comprises a fresh issue of equity shares worth ₹8,855.00 million and an offer for sale (OFS) worth ₹7,319.85 million.
The anchor investor bidding for the Shiprocket IPO will take place on Tuesday, August 11, 2026, while the public subscription window will remain open from August 12 to August 14, 2026.
The price band has been fixed at ₹92 to ₹97 per equity share, with the floor price representing 9.2 times and the cap price 9.7 times the face value of ₹10 per share.
Investors can bid for a minimum of 154 equity shares and in multiples of 154 equity shares thereafter.
Shiprocket IPO Issue Structure
The Shiprocket IPO consists of equity shares with a face value of ₹10 each aggregating up to ₹16,174.85 million, including:
- Fresh Issue: Up to ₹8,855.00 million
- Offer for Sale (OFS): Up to ₹7,319.85 million
Utilisation of Fresh Issue Proceeds
According to the company, the net proceeds from the fresh issue are proposed to be utilised for:
- Investment in the growth of Shiprocket’s platforms through marketing initiatives for its Emerging Business and Core Business.
- Investment in technology infrastructure and capabilities for both its Emerging Business and Core Business.
- Repayment or prepayment, in full or in part, of certain borrowings, including accrued interest.
- Funding inorganic growth through unidentified acquisitions.
- General corporate purposes.
The proposed utilisation is aimed at supporting the company’s growth initiatives while strengthening its technology capabilities and financial position.
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Listing Details
The equity shares offered through the Red Herring Prospectus are proposed to be listed on:
- BSE Limited (BSE)
- National Stock Exchange of India Limited (NSE)
For the Shiprocket IPO, NSE will serve as the designated stock exchange.
Book Running Lead Managers
The book running lead managers to the issue are:
- Axis Capital Limited
- BofA Securities India Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Allocation Structure of Shiprocket IPO
The Shiprocket IPO is being made through the Book Building Process in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations.
Qualified Institutional Buyers (QIBs)
- Not less than 75% of the Net Offer will be available for allocation to Qualified Institutional Buyers (QIBs).
- Up to 60% of the QIB Portion may be allocated to Anchor Investors.
- Of the Anchor Investor Portion:
- 33.33% shall be reserved for domestic Mutual Funds.
- 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid bids.
- If there is under-subscription or non-allocation in the Anchor Investor Portion, the remaining shares will be added to the Net QIB Portion.
Additionally, 5% of the Net QIB Portion shall be available exclusively for Mutual Funds.
If at least 75% of the Net Offer cannot be allotted to QIBs, the entire bid amount will be refunded in accordance with applicable regulations.
Non-Institutional Bidders (NIBs)
Not more than 15% of the Net Offer will be available for allocation to Non-Institutional Bidders (NIBs):
- One-third reserved for applications above ₹2 lakh and up to ₹10 lakh.
- Two-thirds reserved for applications exceeding ₹10 lakh.
Any unsubscribed portion may be reallocated between the two NIB categories in accordance with SEBI ICDR Regulations.
Retail Individual Bidders (RIBs)
Not more than 10% of the Net Offer will be available for allocation to Retail Individual Bidders, subject to valid bids received at or above the offer price.
Employee Reservation
The Shiprocket IPO includes an employee reservation portion comprising equity shares aggregating up to ₹10.00 million.
The company, in consultation with the book running lead managers, may offer an employee discount of up to ₹9 per equity share to eligible employees bidding under the employee reservation portion, subject to necessary approvals.
ASBA and UPI Process
All bidders, except Anchor Investors, are required to mandatorily apply through the Application Supported by Blocked Amount (ASBA) process by providing details of their ASBA accounts. UPI bidders are also required to provide their UPI ID while applying through the UPI mechanism.
Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
