Shiprocket Limited appointed KFin Technologies Limited as its Registrar and Share Transfer Agent effective May 19, 2025. The logistics technology firm confirmed the engagement in a regulatory filing submitted to the Bombay Stock Exchange and National Stock Exchange of India on August 19, 2026.

The appointment ensures compliance with Regulation 7(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. KFin Technologies, headquartered in Mumbai, continues to serve as the company's registrar.

Corporate Details

Shiprocket Limited, formerly known as Shiprocket Private Limited and originally Bigfoot Retail Solutions Private Limited, maintains its corporate office in Gurugram. The company's registered office is located in New Delhi.

Nikhil Kumar, Company Secretary, signed the intimation. The filing requests that exchanges record the details and disseminate them to relevant stakeholders.

Shiprocket’s initial public offering has concluded with a dramatic finish, closing at an overall subscription of 94.51x. The final day saw a massive intraday surge, particularly from Qualified Institutional Buyers (QIB), who raced ahead in the last hours of trading to reach 115.55x. Non-Institutional Buyers (NII) remained the strongest category overall, with bHNI subscribers booking 98.9x. Retail investors also showed robust interest, subscribing at 42.68x.

Final Subscription Status

The subscription momentum built significantly from Day 1 to Day 2, with the total multiple more than doubling. The final snapshot shows sustained interest across non-institutional categories, with NII (bHNI) and NII (sHNI) leading the charge alongside a late-stage QIB rally.

Intra-day timeline on 14-08-2026

The last hour of trading saw a sharp uptick in subscriptions across all categories, pushing the overall multiple from 7.93x to 94.51x. QIB was the standout mover, racing ahead in the final minutes.

Category-wise Breakdown

• Retail: Strong performance with a 42.68x subscription, indicating high retail investor confidence.
• NII (bHNI): Subscribed at 98.9x, showing significant interest from high-net-worth individuals.
• NII (sHNI): Subscribed at 66.23x.
• QIB: Minimal participation earlier in the day but jumped +288775.0% in the final hours to reach 115.55x.
• Employees: Subscribed at 52.25x.

About the Company

Shiprocket is an end-to-end, new age, merchant-first, and API-led technology platform designed to enable e-commerce transactions for India's MSMEs and Large Retailers. Founded in 2011, the company simplifies logistics, checkout, payments, fulfilment, and cross-border trade. According to the Redseer Report, Shiprocket is the largest new-age end-to-end horizontal e-commerce enablement platform (in terms of revenue from operations) registered in India in Fiscal 2026. The Managing Director is Saahil Goel.

Financial Highlights

The company has shown consistent revenue growth over the last three years, though it continues to report operating losses as it invests in expansion.

Revenue from operations grew from ₹1315.98 crores in FY 2024 to ₹2024.14 crores in FY 2026. However, the company reported a total profit of -₹79.25 crores in FY 2026, reflecting continued investment in its business model.

Objects of the Issue

• Investment in marketing initiatives primarily for Emerging Business and Core Business: ₹205.80 crores
• Investment in technology infrastructure and capabilities primarily for Emerging Business and Core Business: ₹159.80 crores
• Repayment/prepayment of certain borrowings including interest accrued thereon: ₹210.00 crores
• Funding inorganic growth through unidentified acquisitions and general corporate purposes

Risk Factors

• Significant Operating Losses and Dependence on Revenue Growth: The company had restated losses of ₹792.45 million, ₹744.49 million and ₹5,951.81 million for Fiscals 2026, 2025 and 2024, respectively.
• Acquisition Integration and Impairment Risk: Goodwill represents 36.54% of total assets as of March 31, 2026, creating substantial impairment risk if acquisitions fail to deliver expected returns.
• Dependence on Merchant Business Performance and Transaction Volumes: Any decline in merchant sales due to macroeconomic conditions could materially impact revenue.

What's Next

Allotment status will be updated shortly after the basis of allotment is finalized. Investors can check the allotment status on KFin Technologies, BSE, and NSE websites. The listing date will be announced by the company post-allotment.