Now Reading: Shiprocket IPO Day 3: GMP at Rs 37, subscription over 15 times
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Shiprocket IPO Day 3: GMP at Rs 37, subscription over 15 times
Investors have one day left to apply for the Shiprocket IPO, which closes on 14 August 2026. Grey market premium (GMP) stands at Rs 37, or 38% above the upper price band…
The Story in Brief
Investors have one day left to apply for the Shiprocket IPO, which closes on 14 August 2026. Grey market premium (GMP) stands at Rs 37, or 38% above the upper price band of Rs 97, according to market tracker Investorgain.
By day two at 12:15 PM, the issue was subscribed 15.83 times across all categories. The retail portion was booked 24.45 times and the NII segment 34.58 times. The price band is Rs 92-97 per share. Analysts including Anand Rathi and Nirmal Bang have assigned a 'subscribe' rating, citing long-term potential from India's e-commerce growth. Listing is expected on 19 August on BSE and NSE.
The Indian Opinion
A 38% grey market premium and oversubscription feed a narrative of easy listing gains. Yet the IPO is priced at a market cap of roughly Rs 7,058 crore, nearly 30% below Shiprocket's last private valuation of Rs 10,000 crore. That gap suggests earlier investors are taking a haircut. The market cheers the discount while ignoring the fiercely competitive logistics space. Watch how the stock trades on listing day, 19 August, that will show whether the discount is a genuine bargain or a warning sign.
Source: livemint.com
This story was synthesised by AI from the source linked above.
