[Update] Shiprocket Shares End First Trading Session 48% Above Issue Price

Update | August 19, 16:15 IST

Share of ecommerce enabler Shiprocket closed their maiden trading session at ₹143.5 on the BSE, up almost 48% from the issue price of ₹97 and 10.8% from the listing price of ₹129.5. The stock touched an intraday high of ₹155.5, up over 60% from the issue price.

The company’s market capitalisation stood at ₹10,440.7 Cr (about $1.09 Bn) at the end of the session.

On the NSE, the stock closed at ₹143.1, up 47.5% from the issue price.

Original | August 19, 10:05 IST

Shares of ecommerce enablement platform Shiprocket made a strong stock market debut on the BSE and the NSE today. The stock listed at ₹131 on the NSE, marking a premium of 35.05% to the issue price of ₹97. On the BSE, it debuted at ₹129.50, a premium of 33.51%.  

At its NSE listing price, the company’s market capitalisation stood at ₹9,531 Cr (about $995 Mn). 

Shiprocket had set a price band of ₹92 to ₹97 per share for the public issue, seeking a valuation of around ₹7,000 Cr (about $736 Mn) at the upper end. This was about 30% lower than the nearly ₹10,000 Cr valuation it commanded during its last equity funding round in December 2024. 

The Gurugram-based company’s ₹1,617.5 Cr IPO comprised a fresh issue of shares worth ₹885.5 Cr and an offer for sale (OFS) of about ₹732 Cr. 

The final issue size was lower than the fresh issue of ₹1,100 Cr and OFS of about ₹1,242 Cr proposed in Shiprocket’s updated draft red herring prospectus (UDRHP). 

The IPO was subscribed 99.38X, with investors bidding for 938.53 Cr shares against 9.44 Cr shares on offer. Qualified institutional buyers led the demand, subscribing to their reserved portion 122.8X. 

The IPO delivered sharply divergent returns for Shiprocket’s investors. Early backer 500 Global clocked a gross return of 77.6X on the shares it sold through the OFS, while Lightrock and Moore Strategic Ventures exited at a loss. 

Founded in 2011 by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket operates an ecommerce enablement platform that helps small businesses, retail brands, D2C merchants, and social commerce retailers manage and scale their operations. 

Its offerings span shipping and fulfilment, analytics, marketing automation, and personalisation. The company also facilitates financing arrangements between merchants and nonbanking financial companies (NBFCs) and other lending partners.

Shiprocket’s operating revenue rose 24% to ₹2,024.1 Cr in the financial year ended March 2026 (FY26) from ₹1,632 Cr in the previous fiscal. However, its net loss widened 7% to ₹79.2 Cr from ₹74.4 Cr in FY25.

Merchant solutions accounted for ₹2,008.1 Cr of its operating revenue in FY26, while the sale of traded goods contributed around ₹16 Cr.

With its stock market debut, Shiprocket has joined listed logistics and fulfilment companies such as Shadowfax and Delhivery.

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