Shiprocket is now a listed company
Listed on 19 Aug 2026 on BSE, NSE. Its shares now trade on the exchange, so this page is kept as a record of the pre-IPO phase — there is no off-market quote any more.
Shiprocket Unlisted Shares
Shiprocket is India's largest e-commerce logistics aggregator, enabling 1 lakh+ D2C brands and SMEs to ship orders across 220+ countries through a single tech platform.
Read the full company profileShiprocket share details
- Lot size
- 25 shares
- Face value
- ₹1
- Shares outstanding
- 185,870,958
- Founded
- 2011
- Headquarters
- New Delhi
- Website
- shiprocket.in
- Lock-in after IPO
- 6 months
Shiprocket IPO status: Listed
Shiprocket is now listed on the stock exchange.
-
15 Dec 2025Updated DRHP (UDRHP) filed with SEBI
-
12 Aug 2026IPO opens for subscription
-
19 Aug 2026Shares listed on the stock exchange
About Shiprocket
When is the Shiprocket IPO?
Strengths
- Revenue from operations grew from ₹10,888.27 million in Fiscal 2023 to ₹13,159.76 million in Fiscal 2024 and ₹16,320.12 million in Fiscal 2025, as per the restated consolidated numbers in the updated DRHP.
- The loss narrowed sharply. The restated loss attributable to equity holders was ₹3,368.11 million in Fiscal 2023, ₹5,924.13 million in Fiscal 2024 (after exceptional items) and ₹744.49 million in Fiscal 2025.
- For the six months ended September 30, 2025 the restated loss was ₹383.23 million against ₹423.07 million a year earlier, on revenue of ₹9,426.74 million against ₹8,170.08 million.
- The company works with 42 active courier partners as of September 30, 2025, so merchants are not tied to one carrier.
- Merchant concentration is modest. The top 10 active merchants gave 14.54% of revenue from operations in Fiscal 2025, down from 17.95% in Fiscal 2023.
- The balance sheet is largely equity funded. Total equity was ₹15,076.87 million against total borrowings of ₹2,337.85 million at September 30, 2025.
- The business is split into a Core Business (domestic shipping platform and shipping apps) and an Emerging Business (cargo and fulfilment, cross-border, ads and marketing, capital solutions, hyperlocal), giving more than one revenue line.
Risks
- The company has reported restated losses in every full year covered by the updated DRHP, including ₹744.49 million in Fiscal 2025, and there is no assurance it will turn profitable.
- Operating cash flow has been weak. It was negative at ₹1,379.57 million in Fiscal 2023, negative at ₹2,159.92 million in Fiscal 2024 and only ₹18.97 million in Fiscal 2025.
- Heavy reliance on a few couriers. The top five courier partners handled 83.33% of total shipment volumes in Fiscal 2025.
- Cost of merchant solutions was ₹12,129.31 million against revenue from operations of ₹16,320.12 million in Fiscal 2025, which leaves thin room to cover other costs.
- Goodwill and other intangibles from past acquisitions are a large part of total assets (goodwill alone was 38.24% of total assets at September 30, 2025), and any impairment would hit profit.
- Exceptional items of ₹2,443.79 million in Fiscal 2024 and ₹631.58 million in Fiscal 2023 show that large one-off charges can occur.
- Four legal proceedings are pending against the directors, including an FIR filed by a third party against the owners of the company, for which the Managing Director has sought quashing.
- The company may be liable for lost or damaged shipments and delayed deliveries, which can add costs and hurt merchant trust.
- Competition from other logistics aggregators and courier companies can pressure pricing and merchant retention.
- Unlisted shares are traded off-market at indicative prices, so liquidity is thin and an IPO may be delayed or priced differently.
Shiprocket financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY26Latest | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 2,077 | 1,675 | 1,358 | 1,089 |
| EBITDA (₹ Cr) | -17 | -17 | -496 | — |
| PAT (₹ Cr) | -79 | -74 | -595 | -359 |
| EBITDA Margin (%) | -0.80 | -1.02 | -36.52 | — |
| PAT Margin (%) | -3.81 | -4.45 | -43.83 | -33.00 |
| RoNW (%) | — | — | — | -21.14 |
| EPS (₹) | — | — | — | -6.12 |
| Book Value (₹) | — | — | — | 29.44 |
| Debt / Equity | 0.16 | 0.16 | 0.17 | 0.10 |
| Total Assets (₹ Cr) | 2,505 | 2,309 | 2,051 | 2,387 |
| Net Worth (₹ Cr) | 1,524 | 1,491 | 1,284 | 1,700 |
Swipe the table sideways for earlier years →
Management team
Events & announcements
Shiprocket shares started trading on the exchange. It opened at ₹131 against the issue price of ₹97.00 (+35.05%). Pre-IPO shareholders face a six-month lock-in from the allotment date.
The Shiprocket IPO opens on 12 Aug 2026 and closes on 14 Aug 2026. Price band: ₹92-97. Off-market dealing in pre-IPO shares stops once bidding opens.
Shiprocket filed an updated draft offer document with SEBI, the step after a confidential pre-filing.
Shiprocket is listed — track it on the IPO page
Live price, listing-day performance, subscription figures and allotment details are all on the IPO page.
Go to Shiprocket IPO pageShiprocket unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
