diff --git a/packages/core/nest-application-context.ts b/packages/core/nest-application-context.ts
index eacd82ec2dc..ce9c12f1ae9 100644
--- a/packages/core/nest-application-context.ts
+++ b/packages/core/nest-application-context.ts
@@ -54,6 +54,7 @@ export class NestApplicationContext<
   private shutdownCleanupRef?: (...args: unknown[]) => unknown;
   private _instanceLinksHost: InstanceLinksHost;
   private _moduleRefsForHooksByDistance?: Array<Module>;
+  private initializationPromise?: Promise<void>;
 
   protected get instanceLinksHost() {
     if (!this._instanceLinksHost) {
@@ -234,8 +235,8 @@ export class NestApplicationContext<
     if (this.isInitialized) {
       return this;
     }
-    await this.callInitHook();
-    await this.callBootstrapHook();
+    this.initializationPromise = this.internalInit();
+    await this.initializationPromise;
 
     this.isInitialized = true;
     return this;
@@ -246,6 +247,7 @@ export class NestApplicationContext<
    * @returns {Promise<void>}
    */
   public async close(signal?: string): Promise<void> {
+    await this.initializationPromise;
     await this.callDestroyHook();
     await this.callBeforeShutdownHook(signal);
     await this.dispose();
@@ -333,6 +335,7 @@ export class NestApplicationContext<
           return;
         }
         receivedSignal = true;
+        await this.initializationPromise;
         await this.callDestroyHook();
         await this.callBeforeShutdownHook(signal);
         await this.dispose();
@@ -431,6 +434,11 @@ export class NestApplicationContext<
     }
   }
 
+  private async internalInit() {
+    await this.callInitHook();
+    await this.callBootstrapHook();
+  }
+
   private getModulesToTriggerHooksOn(): Module[] {
     if (this._moduleRefsForHooksByDistance) {
       return this._moduleRefsForHooksByDistance;
diff --git a/packages/core/test/nest-application-context.spec.ts b/packages/core/test/nest-application-context.spec.ts
index d83dba163e9..198a84c9768 100644
--- a/packages/core/test/nest-application-context.spec.ts
+++ b/packages/core/test/nest-application-context.spec.ts
@@ -1,4 +1,4 @@
-import { InjectionToken, Scope } from '@nestjs/common';
+import { InjectionToken, Provider, Scope } from '@nestjs/common';
 import { expect } from 'chai';
 import * as sinon from 'sinon';
 import { ContextIdFactory } from '../helpers/context-id-factory';
@@ -7,6 +7,7 @@ import { Injector } from '../injector/injector';
 import { InstanceLoader } from '../injector/instance-loader';
 import { GraphInspector } from '../inspector/graph-inspector';
 import { NestApplicationContext } from '../nest-application-context';
+import { setTimeout } from 'timers/promises';
 
 describe('NestApplicationContext', () => {
   class A {}
@@ -14,6 +15,7 @@ describe('NestApplicationContext', () => {
   async function testHelper(
     injectionKey: InjectionToken,
     scope: Scope,
+    additionalProviders: Array<Provider> = [],
   ): Promise<NestApplicationContext> {
     const nestContainer = new NestContainer();
     const injector = new Injector();
@@ -33,6 +35,10 @@ describe('NestApplicationContext', () => {
       moduleRef.token,
     );
 
+    for (const provider of additionalProviders) {
+      nestContainer.addProvider(provider, moduleRef.token);
+    }
+
     nestContainer.addInjectable(
       {
         provide: injectionKey,
@@ -96,6 +102,58 @@ describe('NestApplicationContext', () => {
       expect(processUp).to.be.false;
       expect(promisesResolved).to.be.true;
     });
+
+    it('should defer shutdown until all init hooks are resolved', async () => {
+      const clock = sinon.useFakeTimers({
+        toFake: ['setTimeout'],
+      });
+      const signal = 'SIGTERM';
+
+      const onModuleInitStub = sinon.stub();
+      const onApplicationShutdownStub = sinon.stub();
+
+      class B {
+        async onModuleInit() {
+          await setTimeout(5000);
+          onModuleInitStub();
+        }
+
+        async onApplicationShutdown() {
+          await setTimeout(1000);
+          onApplicationShutdownStub();
+        }
+      }
+
+      const applicationContext = await testHelper(A, Scope.DEFAULT, [
+        { provide: B, useClass: B, scope: Scope.DEFAULT },
+      ]);
+      applicationContext.enableShutdownHooks([signal]);
+
+      const ignoreProcessSignal = () => {
+        // noop to prevent process from exiting
+      };
+      process.on(signal, ignoreProcessSignal);
+
+      const deferredShutdown = async () => {
+        setTimeout(1);
+        process.kill(process.pid, signal);
+      };
+      Promise.all([applicationContext.init(), deferredShutdown()]);
+
+      await clock.nextAsync();
+      expect(onModuleInitStub.called).to.be.false;
+      expect(onApplicationShutdownStub.called).to.be.false;
+
+      await clock.nextAsync();
+      expect(onModuleInitStub.called).to.be.true;
+      expect(onApplicationShutdownStub.called).to.be.false;
+
+      await clock.nextAsync();
+      expect(onModuleInitStub.called).to.be.true;
+      expect(onApplicationShutdownStub.called).to.be.true;
+
+      clock.restore();
+    });
   });
 
   describe('get', () => {