Now Reading: Shiprocket IPO subscribed 25.8 times on final day, NII leads
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Shiprocket IPO subscribed 25.8 times on final day, NII leads
Shiprocket's Rs 1,617.5 crore IPO was subscribed 25.8 times on the final day of bidding (14 August 2026), with bids for 243.83 crore shares against 9.44 crore on offer. Demand surged across…
The Story in Brief
Shiprocket's Rs 1,617.5 crore IPO was subscribed 25.8 times on the final day of bidding (14 August 2026), with bids for 243.83 crore shares against 9.44 crore on offer. Demand surged across all categories, led by non-institutional investors at 50.27 times, while the retail portion was booked 28.99 times. Qualified institutional buyers (QIBs) also jumped in late, taking their subscription to 12.25 times after being barely 3% covered on day two. The price band is Rs 92-97 per share, and the company is seeking a post-issue market cap of around Rs 7,058 crore, a 30% discount to its last private valuation. The most likely listing date is 19 August on the BSE and NSE.
The Indian Opinion
The media hype around Shiprocket's IPO masks a core question: at nearly 3.5 times sales, is the valuation justified in a brutally competitive logistics market? Retail investors are piling in, but the grey market premium of Rs 37 (38% over upper band) is modest compared to recent tech IPOs. The real test will be the stock's performance six months after listing, when lock-in periods expire and early investors can exit. Will the company's 'emerging businesses' actually deliver operating leverage, or are they just buzzwords to justify the price?
Sources (2): livemint.com, inc42.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
