Shiprocket IPO Review
Shiprocket Limited, an Indian e-commerce logistics and shipping automation platform founded in 2017, plans to raise INR 1618 crore through an IPO.
[Fresh Issue ₹886 Cr + OFS ₹732 Cr]
Shiprocket ipo price: ₹92–₹97 per share.
Shiprocket: History
The Company was incorporated in New Delhi, India, as Bigfoot Retail Solutions Private Limited, a private limited company under the Companies Act, 1956, on September 28, 2011.
The Company was then converted into a public limited company on January 18, 2025, under a special resolution passed by the shareholders.
Its name was subsequently changed to Shiprocket Limited, and the RoC issued a fresh certificate of incorporation on February 18, 2025.
Shiprocket: Business
Shiprocket Ltd is an end-to-end, new-age, merchant-first, and API-led technology platform designed to enable e-commerce transactions for India’s MSMEs and Large Retailers.
The company’s core business aggregates multiple logistics partners, enabling merchants to optimise deliveries through AI-driven courier selection, automated order tracking, COD remittance, weight-discrepancy management, and predictive delivery timelines.
Beyond domestic shipping, the company has expanded into –
- fulfilment centres,
- digital marketing solutions,
- international shipping,
- omnichannel commerce (Shiprocket Omuni),
- one-click checkout,
- hyperlocal deliveries, and
- embedded financing through lending partners.
Strategies Ahead
Retain and grow the Merchant base.
Expand product offerings and drive cross-sales.
Invest in Emerging Business to unlock growth for Merchants’ businesses and expand TAM.
Strengthen ecosystem by growing network as well as through inorganic growth.
Invest in data and AI and launch intelligent products.
Company Management
- Saahil Goel (Managing Director and CEO)
- Gautam Kapoor (Executive Director and COO)
Refer to Shiprocket ipo DRHP for more details.
IPO Details
ipo date: 12 Aug – 14 Aug 2026
Minimum Amount: ₹14,938
Minimum Bid: 154 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Axis Capital, BofA Securities, JM Financial, Kotak Mahindra Capital
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘NEUTRAL‘ ratings for the Shiprocket IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
