Summary:
Shiprocket's IPO has gained strong momentum on Day 2, with overall subscription reaching 2.88x, led by retail, NII and employee demand. Retail subscription stood at 9.04x, NII at 4.24x and employee bids at 12.02x, while QIB participation remained low at 0.03x. The ₹1,617.48 crore issue closes on August 14, with institutional demand likely to be the key focus on the final day.
Shiprocket's IPO is now in its second day of bidding, August 13, 2026. Incorporated in 2011 and headquartered in Gurugram, the company is India's largest new-age end-to-end e-commerce enablement platform by revenue as of Fiscal 2026, according to the Redseer Report. It provides technology-driven solutions that help MSMEs, D2C brands, and large retailers manage shipping, checkout, payments, fulfilment, and cross-border trade, connecting online sellers with the broader logistics ecosystem. Its core shipping platform alone generated ₹1,485 crore in revenue and ₹187 crore in adjusted EBITDA in FY26.
This is a ₹1,617.48 crore IPO, made up of a ₹885.50 crore fresh issue and an offer for sale of ₹731.98 crore by existing investors and shareholders. Part of the money raised goes into the business, while the rest goes to selling shareholders exiting part of their stake.
Price band is ₹92 to ₹97 per share. Lot size is 154 shares, so retail investors need ₹14,938 to apply at the upper end. The issue closes today, August 14, and listing is expected August 19 on both BSE and NSE.
Shiprocket IPO - Day 2 Subscription Status
Day 1 closed with the issue subscribed 0.42 times overall, a slow start led by retail and the employee quota. Demand has strengthened considerably by Day 2's afternoon, with the overall figure climbing to 2.88x.
Category-wise Breakdown on Day 2
| Category | Subscription (Day 2, as of 3:45 PM) |
| Qualified Institutional Buyers (QIB) | 0.03x |
| Non-Institutional Investors (NII) | 4.24x |
| — Big NII (>₹10L) | 2.95x |
| — Small NII (₹2–10L) | 6.83x |
| Retail Individual Investors (RII) | 9.04x |
| Employees | 12.02x |
| Overall | 2.88x |
Figures as of 3:45 PM, August 13, 2026 (Day 2, consolidated bid details), per NSE data. The issue received bids for 26.91 crore shares against 9.45 crore shares on offer.
What Day 2 Numbers Indicate
Retail has surged dramatically, now at 9.04x, up from 1.60x on Day 1, one of the strongest retail responses seen in recent mainboard IPOs. The employee quota is running even hotter, at 12.02x. NII has also picked up sharply, at 4.24x, with small HNIs (6.83x) well ahead of big HNIs (2.95x).
QIB, on the other hand, remains almost entirely unsubscribed at just 0.03x. This is standard behaviour, institutional investors almost always place the bulk of their bids in the closing hours of the final day, so this figure has significant room to move before the issue shuts today.
Overall subscription at 2.88x by Day 2's afternoon shows the issue has moved comfortably into oversubscribed territory, driven almost entirely by retail, NII, and employee demand. With QIB still barely subscribed heading into the final day, the real test for this issue will come in the closing hours.
Shiprocket IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | August 17, 2026 |
| Listing Date | August 19, 2026 |
Should You Apply for Shiprocket IPO?
A few things worth weighing before you decide:
- It's a mix of fresh issue and offer for sale, with ₹885.50 crore of the ₹1,617.48 crore raise going toward the company, while ₹731.98 crore goes to existing investors and shareholders selling part of their stake.
- Shiprocket is India's largest new-age end-to-end e-commerce enablement platform by revenue as of FY26, according to the Redseer Report, with its core shipping business generating ₹1,485 crore in revenue and ₹187 crore in adjusted EBITDA in FY26.
- The company has narrowed its net loss significantly, from ₹595.18 crore in FY24 to ₹79 crore in FY26, alongside 24% revenue growth over the same period, though profit after tax actually declined 6% year-on-year between FY25 and FY26, worth factoring in.
- By Day 2's afternoon, retail (9.04x), NII (4.24x), and the employee quota (12.02x) were all comfortably oversubscribed, while QIB, at just 0.03x, still had significant ground to cover heading into the final day.
- With demand already running well ahead of the shares on offer in most categories, allotment for retail and NII is very likely to be decided by lottery.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
How to Apply for Shiprocket IPO
You can apply through any of these routes:
- ASBA via net banking – log into your bank's net banking, go to the IPO section, select Shiprocket, enter quantity and bid price, then authorise.
- UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Since this is the closing day, get your application in well before the cut-off this evening. Bid in multiples of the 154-share lot, and apply at the cut-off price to keep your allotment chances intact.
Shiprocket IPO Important Dates
| Event | Date |
| IPO Open Date | August 12, 2026 |
| IPO Close Date | August 14, 2026 |
| Anchor Investor Bid Date | August 11, 2026 |
| Basis of Allotment | August 17, 2026 |
| Listing Date | August 19, 2026 |
Day 1 & Day 2 Subscription Updates
Day 1 closed at 0.42x overall, with retail leading at 1.60x and the employee quota at 2.90x. Day 2 has built strongly to 2.88x overall, with retail, NII, and employees all comfortably oversubscribed, while QIB, at just 0.03x, still has significant room to move ahead of today's final-day close.
How to Check Shiprocket IPO Subscription Status
How to check Shiprocket IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Shiprocket Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Shiprocket IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Shiprocket under active issues.
- Click on it to view live bid quantity against shares reserved, split by category.
How to check Shiprocket IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Shiprocket from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.
IPO Subscription History
Previous Day Subscription
Day 1 closed with the issue subscribed 0.42 times overall, with retail leading at 1.60x and the employee quota at 2.90x, while QIB had barely picked up.
Final Subscription Figures
Final numbers will only be available once bidding closes today, August 14, 2026. Check back after the window shuts for the complete category-wise final tally.
Conclusion
Shiprocket's IPO has built strongly into Day 2, moving from 0.42x at Day 1's close to 2.88x, with retail (9.04x), NII (4.24x), and the employee quota (12.02x) all comfortably oversubscribed. QIB, at just 0.03x, remains the category with the most room to move as the issue heads into its final hours of bidding today. As India's largest new-age e-commerce enablement platform by revenue, all eyes will be on how sharply institutional demand picks up before the August 14 close.






