Shiprocket’s initial public offering closes for subscription on Friday, the final day of a three-day window that opened Tuesday at a price band of Rs 92 to Rs 97 a share. The Gurugram-based e-commerce enablement company is raising Rs 1,617.48 crore through the issue, split between a fresh issue of Rs 885.5 crore and an offer for sale worth Rs 732 crore.
Ahead of the public round, Shiprocket raised Rs 727.41 crore from anchor investors at the upper price band of Rs 97 a share, allotting 7.5 crore equity shares. The anchor book included the New York State Teachers Retirement System through Goldman Sachs Asset Management, Nomura Funds Ireland, ICICI Prudential Life Insurance, and mutual fund arms of SBI, HDFC, Nippon India and Kotak Mahindra, according to filings reported by TradingView and India IPO.
Grey market activity has stayed firm through the week. Trackers pegged the grey market premium at roughly Rs 31 to Rs 34 a share as of Thursday, implying investors expect the stock to list close to 32 percent above the upper end of the price band once trading begins. By the close of Day 2 bidding on Wednesday, the issue was subscribed 3.16 times overall, according to Business Standard.
Allotment is expected to be finalised on August 17, with shares set to list on the BSE and NSE on August 19. Investors who miss out on allotment can expect refunds or the unblocking of funds around the same window.
Shiprocket was founded in 2011 and has grown into what the company describes as India’s largest new-age end-to-end e-commerce enablement platform by revenue for the year ended March 2025. Temasek and Eternal, the company formerly known as Zomato, are among its institutional backers. The platform runs on an asset-light SaaS model, handling shipping, checkout, payments and fulfilment for small businesses and larger retailers on one dashboard.
The scale is notable for a company that started as a shipping aggregator. In the six months ending September 30, 2025, Shiprocket supported more than 145,000 active merchants who processed over 97 million transactions and served more than 42 million customers, with a repeat customer rate above 64 percent.
The listing will be closely watched as a test of investor appetite for new-age technology stocks on Indian exchanges, coming at a time when several other logistics and e-commerce-adjacent companies are also weighing public listings. Whether the grey market’s optimism translates into an actual listing pop will become clear on August 19.
