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Shiprocket IPO Oversubscribed: Bids Exceed Offer
12 Aug
Summary
- Shiprocket IPO subscribed 0.97 times as bids reached 9.14 crore shares.
- The IPO includes a fresh issue of Rs 885.5 crore and an OFS of Rs 731.98 crore.
- Shiprocket reported a net loss of Rs 79.24 crore for the twelve months ended March 2026.
Shiprocket's Initial Public Offering (IPO) has garnered bids for 9.14 crore shares against the 9.44 crore shares available, achieving a subscription rate of 0.97 times as of 17:00 IST on August 12, 2026. The bidding period for this significant issue opened on August 12, 2026, and is scheduled to conclude on August 14, 2026.
The IPO comprises a substantial Rs 885.5 crore in fresh issue capital and an offer for sale (OFS) valued at Rs 731.98 crore. Several investors, including L R India Fund and Tribe Capital, are participating in the OFS by divesting a portion of their holdings.
Shiprocket intends to allocate Rs 365.6 crore towards expanding its platforms, with Rs 205.8 crore earmarked for marketing initiatives and Rs 159.8 crore for enhancing technology infrastructure. Additionally, Rs 210 crore will be directed towards repaying or prepaying existing borrowings.
Prior to the IPO opening, Shiprocket successfully raised Rs 727.41 crore from anchor investors on August 11, 2026. The company, which offers logistics, checkout, and payment services to MSMEs, reported a consolidated net loss of Rs 79.24 crore against sales of Rs 2,024.14 crore for the twelve months ended March 31, 2026.
