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Now listed

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.

Issue price ₹97.00
Price band ₹92-97
Listed at ₹131.00
Lot size 154
Live market price
₹121.85
▲ 25.62% vs issue price
Updated 23 Oct 2026, 09:01 IST
View Shiprocket IPO

Shiprocket Unlisted Shares

Technology Logistics Tech IPO: Listed

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 profile
Key facts

Shiprocket 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
IPO journey

Shiprocket IPO status: Listed

Shiprocket is now listed on the stock exchange.

  1. 15 Dec 2025
    Updated DRHP (UDRHP) filed with SEBI
  2. 12 Aug 2026
    IPO opens for subscription
  3. 19 Aug 2026
    Shares listed on the stock exchange
IPO details IPO GMP
About

About Shiprocket

Shiprocket is India's leading e-commerce enablement platform and logistics aggregator, founded in 2017. It connects over 1 lakh D2C brands, SMEs, and marketplace sellers to 25+ courier partners, enabling seamless order fulfilment, tracking, and returns management. Beyond shipping, Shiprocket has expanded into a full-stack commerce platform offering seller tools, growth capital (Shiprocket Capital), quick commerce (Shiprocket Quick), and international logistics. The platform processes millions of shipments monthly and has raised over 00 million from investors including Temasek, Lightrock, and PayU.
IPO outlook

When is the Shiprocket IPO?

Shiprocket has been on the IPO radar since 2022. The company reported EBITDA profitability milestones in FY24. With the D2C and e-commerce logistics market growing rapidly, a Shiprocket IPO at a premium valuation is widely anticipated. The company filed confidential DRHP papers.

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.
Financials

Shiprocket financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
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 →

Leadership

Management team

Saahil Goel
Managing Director and Chief Executive Officer
Promoter and selling shareholder in the proposed offer.
Gautam Kapoor
Executive Director and Chief Operating Officer
Promoter and selling shareholder in the proposed offer.
Kumar Tanmay
Chief Financial Officer
Key managerial personnel of the company.
Corporate events

Events & announcements

Event Date File
Shares listed on the stock exchange Listing
19 Aug 2026

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.

19 Aug 2026
—
IPO opens for subscription IPO
12 Aug 2026

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.

12 Aug 2026
—
Updated DRHP (UDRHP) filed with SEBI IPO filing
15 Dec 2025

Shiprocket filed an updated draft offer document with SEBI, the step after a confidential pre-filing.

15 Dec 2025
—

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 page
FAQs

Shiprocket 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.