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Shiprocket IPO Review

Shiprocket IPO has been reviewed by 6 analysts, and the overall consensus is Strong Apply — carrying a score of 89. Out of the 6 analysts who have covered this IPO, 4 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹92-97 per share, with a minimum application size of 154 shares (minimum investment of approximately ₹14,938 at the upper band). Subscription ran from 12 Aug 2026 to 14 Aug 2026. The issue size is ₹1,617 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Shiprocket IPO is quoting at ₹36 (37.11%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
89/ 100
Strong Apply 4 of 6 recommend subscribing
How analysts voted
Apply 4
May apply 1
Neutral 1
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Shiprocket runs an e-commerce logistics and enablement platform connecting merchants to courier and cargo partners, with a diversified merchant base that limits concentration risk. FY26 revenue was ₹2,024 crore, growing 24 percent for a second year, though the company remained loss-making. Of the analysts covering it, three said subscribe and one advised caution.

Listing gains

Because the company is loss-making, the notes value it on sales rather than earnings, at about 3.5 times market cap to FY26 sales of ₹2,024 crore. Analysts describe this as reasonable against comparable platforms. The absence of profit meant the coverage framed it as a long-term subscribe rather than a listing-day trade.

Short-term strategy

Revenue grew steadily at 24 percent in both FY25 and FY26, but losses continued, with loss after tax at ₹79.25 crore in FY26. Fresh money repays borrowings and funds platform growth and marketing. Analysts saw operating leverage in the core business as the route to profitability, which takes time.

Long-term strategy

The notes build the case on structural e-commerce growth and a scalable platform with operating leverage. The risk they repeatedly flag is that the company has no exclusive arrangements with its logistics partners, who may prioritise competitors, decline to renew contracts, or launch competing offerings of their own. That was the basis of the cautious rating.

How this is written: an AI-assisted summary of the 7 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Shiprocket IPO?

The analyst consensus for Shiprocket IPO tracked on this page is Strong Apply, with a score of 89/100. Out of 6 analysts who have reviewed this IPO, 4 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 89 mean for Shiprocket IPO?

The score of 89 is an aggregate of all analyst ratings tracked for Shiprocket IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Shiprocket IPO?

Shiprocket IPO listed on August 19, 2026 at ₹131, against the issue price of ₹97 — a gain of +35.05% (₹34 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Shiprocket IPO?

Shiprocket IPO was priced at ₹92-97 per share. The minimum lot size is 154 shares, making the minimum investment approximately ₹14,938 at the upper end of the price band. Subscription ran from 12 Aug 2026 to 14 Aug 2026.

Explore Shiprocket IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Shiprocket IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
89 / 100
Listed at
₹131
Full IPO details