Shiprocket had fixed the price band for its IPO at Rs 92-97 per share.
The issue included a fresh issue of shares along with an offer for sale (OFS) by existing shareholders.
Shiprocket had earlier planned a larger IPO of around Rs 2,342 crore, but later cut the issue size to Rs 1,617 crore.
Shiprocket joins a growing list of new-age companies tapping the IPO route to raise capital and provide an exit opportunity to existing investors.
Shiprocket reported a 24% year-on-year increase in operating revenue to Rs 2,024 crore in FY26.
E-commerce shipping and logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, August 19, with its shares listing at Rs 131 on the NSE, a 35% premium over its issue price of Rs 97.
The company’s shares were listed at Rs 131 on the NSE and Rs 130 on the BSE, giving investors a solid listing gain on the first day of trading.
Shiprocket had fixed the price band for its IPO at Rs 92-97 per share. The Rs 1,617 crore public issue was open for subscription between August 12 and August 14 and saw strong demand across investor categories.
The issue included a fresh issue of shares along with an offer for sale (OFS) by existing shareholders. Shiprocket had earlier planned a larger IPO of around Rs 2,342 crore, but later cut the issue size to Rs 1,617 crore.
The IPO was subscribed 99 times by the end of the bidding period. Qualified institutional buyers (QIBs) led the demand, subscribing to their reserved portion 123 times. The non-institutional investor (NII) quota was subscribed 89 times, while the retail portion saw 46 times subscription. The employee portion was subscribed 55 times.
The strong debut comes as Indian startups continue to test investor appetite in the public markets. Shiprocket joins a growing list of new-age companies tapping the IPO route to raise capital and provide an exit opportunity to existing investors.
The Gurugram-based company provides shipping, logistics and ecommerce enablement services to online sellers and businesses. It is backed by investors including Temasek and Eternal.
Shiprocket reported a 24% year-on-year increase in operating revenue to Rs 2,024 crore in FY26. However, its net loss widened 6.8% to Rs 79 crore during the year.
