# Shiprocket IPO fully subscribed on day 2, GMP at Rs 34

2026-08-13T06:53:59+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Shiprocket's Rs 1,617.5-crore IPO was subscribed nearly twice on the second day of bidding on August 13, driven by retail and employee demand, according to exchange data. Retail investors subscribed 4.20-6.52 times their portion, and employees 9.53 times. Qualified institutional buyers stayed away, subscribing only 2% of their quota. The grey market premium hovered around Rs 34, implying a 35% listing premium over the upper price band of Rs 97. Shiprocket's net loss widened to Rs 79.2 crore in FY26 from Rs 74.5 crore in FY25, though revenue rose 24% to Rs 2,024 crore. The company plans to use fresh proceeds of Rs 885 crore for debt repayment, technology, and marketing.

## Coverage

- news.abplive.com <https://news.abplive.com/business/ipo/shiprocket-ipo-gmp-today-what-investors-need-to-know-before-listing-ends-1861835>
- inc42.com <https://inc42.com/buzz/shiprocket-ipo-subscribed-nearly-2x-on-day-2-so-far/>

Tags: debt repayment, e-commerce enablement, GMP, IPO subscription, SBICAP Securities, Shiprocket IPO
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