Overview
- Shiprocket’s shares began trading on Wednesday, August 19, 2026 and opened near ₹131 on the NSE and ₹129.50 on the BSE, roughly 33–35% above the ₹97 issue price with intraday moves up to about ₹142–₹144.
- The IPO raised ₹1,617.48 crore through a fresh issue of about ₹885.5 crore and an offer‑for‑sale of roughly ₹732 crore, with anchor allocations of about ₹727.41 crore before listing.
- Public demand was very strong during the book‑build, with overall subscription reported around 99–102 times and particularly heavy interest from institutional buyers.
- Early backers and founders sold through the OFS with highly divergent outcomes: 500 Global realised a reported ~77.6x return on its sold stake while some investors such as Lightrock and Moore Strategic Ventures exited at roughly 0.7x; founders received about ₹142 crore in proceeds.
- Shiprocket reported FY26 revenue growth of about 24% to ₹2,024.1 crore and narrower adjusted losses and said it will deploy fresh IPO proceeds for technology and product development, expanding fulfilment, repaying borrowings and potential acquisitions, a shift that could boost its path to profitability and scale in India’s growing e‑commerce market.