Overview
- The company allotted 7.5 crore shares to anchor investors at Rs 97 on Tuesday, August 11, raising about Rs 727.4 crore and opened its public offer at a Rs 92–97 price band on Wednesday, August 12.
- Most fresh capital, after repaying about Rs 210 crore of debt, will be directed to the faster‑growing ‘emerging’ merchant services business and AI product development including an in‑house voice model trained on call‑centre data.
- Shiprocket reported FY26 operating revenue of roughly Rs 2,024 crore with a consolidated net loss of about Rs 79.25 crore while operating cash flow turned positive and the emerging business grew about 65% to Rs 538.7 crore.
- The IPO was cut to about Rs 1,617 crore with a split of 75% for qualified institutional buyers, 15% for non‑institutional investors and 10% for retail investors, and includes a sizeable offer‑for‑sale by founders and early backers.
- Near‑term investor interest appears strong—grey market quotes put a Rs 27–28 premium on the issue and the company plans to list on August 19—while risks include reliance on third‑party couriers, past acquisition writedowns and the need to demonstrate sustained profitability.