E-commerce logistics unicorn Shiprocket closed its public offering with over 99 times subscription on Friday, driven by intense institutional demand. Investors are betting big on the company's tech-enabled shipping network.
99x
Shiprocket Subscription Rate
⏳ Time Machine
How today’s news fits into the bigger picture
2021
Shiprocket raises $185M Series E
The platform secures massive funding co-led by Zomato, valuation jumps close to unicorn levels as D2C shipping demand explodes.
2022
Unicorn club officially joined
A fresh funding round of $33.5 million officially values Shiprocket at $1.2 billion, cementing its status as India's lead logistics aggregator.
July 2026
SEBI clears IPO prospectus
The market regulator grants final approval to Shiprocket's draft herring prospectus, initiating the launch of its public market bid.
Today
Shiprocket's IPO closes with a massive 99x oversubscription on its final bidding day.
What happens next?
Shiprocket shares are officially scheduled to list on the NSE and BSE on August 19.
Shiprocket, the prominent e-commerce enablement and logistics platform, witnessed an explosive final day of bidding for its initial public offering (IPO) on Friday, with total subscription demand crossing 99 times. The retail portion was oversubscribed by 30 times, but the real charge was led by qualified institutional buyers (QIBs) and high-net-worth individuals, whose portions saw subscription rates soar past 120 times. This spectacular demand marks one of the most successful tech IPOs of the year, demonstrating robust investor appetite for profitable SaaS and logistics startups. According to the company's CEO, the public listing was pursued not just to raise capital, but to achieve a massive brand uplift as Shiprocket expands its domestic and international footprint.
💭 If you're wondering…
Shiprocket does not own a massive fleet of trucks; instead, it provides software that aggregates different courier services (like Delhivery and Blue Dart), allowing small online sellers to choose the cheapest and fastest shipping option.
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