Shiprocket Limited IPO Subscribed 68.65x on Day 3
SHIPROCKET LIMITED is subscribed 68.65 times overall on day 3 of bidding, with QIB 82.14x, NII 65.88x, retail 33.29x. Figures are official exchange data. Subscription measures demand for the issue, not how it will list.
Blockbuster Demand: Shiprocket Limited IPO Subscribed 68.65x on Day 3
The initial public offering (IPO) of Shiprocket Limited, India's leading e-commerce enablement platform, wrapped up its bidding process on Friday, August 14, 2026, with an overwhelming response from investors. By the end of Day 3, the ₹1,617.48-crore mainboard IPO had been subscribed a massive 68.65 times, underscoring intense market appetite for new-age logistics and tech companies.
Final Day Bidding Highlights As expected, the third and final day saw a flurry of bids across all investor categories. The surge was primarily driven by Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), who aggressively poured capital into the issue during the closing hours. Retail individual investors also showcased strong participation, backed by the company's solid position in the e-commerce sector and favorable grey market sentiments.
Key Details of the Shiprocket IPO For investors keeping a close watch, here is a quick overview of the essential IPO details: Total Issue Size:* ₹1,617.48 crore. Offer Structure:* A fresh issue of equity shares worth ₹885.50 crore, coupled with an Offer for Sale (OFS) of up to ₹731.98 crore by existing shareholders. Price Band:* Fixed between ₹92 and ₹97 per equity share. Lot Size:* Minimum bid of 154 shares, requiring a retail investment of ₹14,938 at the upper price band. Registrar:* KFin Technologies Limited.
About Shiprocket Limited Incorporated in 2011, Shiprocket has evolved into India's premier end-to-end e-commerce enablement platform. The company offers a robust suite of technology-driven solutions for MSMEs, direct-to-consumer (D2C) brands, and large retailers. Its services span domestic shipping, warehousing, cross-border logistics, checkout, and payment solutions.
Serving customers across 146 countries with five international shipping corridors in FY26, Shiprocket has successfully diversified its revenue streams, which are primarily driven by usage-based pricing on shipments and transactions.
Use of IPO Proceeds The company plans to strategically utilize the ₹885.50 crore raised from the fresh issue to accelerate its growth. The funds will be directed towards: 1. Repayment or prepayment of certain outstanding borrowings. 2. Funding inorganic growth initiatives through strategic, unidentified acquisitions. 3. General corporate purposes.
What’s Next: Allotment and Listing With the bidding window now closed, the focus transitions to the share allotment process.
The basis of allotment is expected to be finalized on Monday, August 17, 2026. Refunds for unsuccessful bidders will likely be initiated on Tuesday, August 18, with successful allottees receiving shares in their demat accounts on the same day.
The equity shares of Shiprocket Limited are scheduled to make their highly anticipated debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, August 19, 2026. Given the massive subscription and the company's market dominance, the listing is poised to be one of the most significant events on Dalal Street this month.