Now Reading: Shiprocket IPO subscribed 99.38 times, GMP points to stronger debut
-
01
Shiprocket IPO subscribed 99.38 times, GMP points to stronger debut
Shiprocket IPO subscribed 99.38 times, GMP points to stronger debut
Shiprocket’s Rs 1,617.5-crore IPO was subscribed 99.38 times on August 14, according to NSE data, with qualified institutional buyers bidding 122.80 times their quota and retail investors 46.42 times. Behari Lal Engineering’s…
The Story in Brief
Shiprocket’s Rs 1,617.5-crore IPO was subscribed 99.38 times on August 14, according to NSE data, with qualified institutional buyers bidding 122.80 times their quota and retail investors 46.42 times. Behari Lal Engineering’s Rs 301.62-crore issue was subscribed 108.34 times, NDTV Profit reported, including 53.27 times in the retail segment. Both issues opened on August 12 and are scheduled to list on the NSE and BSE on August 19.
Grey market readings pointed to possible listing gains, but figures varied. NDTV Profit reported Shiprocket’s GMP at Rs 36, implying a 37.11% premium, while Behari Lal Engineering’s Rs 82 GMP implied a 28.77% premium. A separate NDTV Profit update put Behari Lal Engineering’s GMP at Rs 83. GMP is unofficial and speculative. Final allotment is expected on August 17.
The Indian Opinion
The easy story is that heavy subscription guarantees quick profits. It does not. Grey market prices are informal, and NDTV Profit’s own updates show changing readings for both issues. Shiprocket’s business has backing from Temasek and Zomato, while Behari Lal Engineering reported FY26 profit of Rs 64.48 crore, but neither fact settles valuation after listing. Investors should compare the offer documents, debt and cash flows, then watch the actual August 19 opening price against the issue bands of Rs 92 to Rs 97 and Rs 271 to Rs 285.
Sources (4): ndtvprofit.com, ndtvprofit.com (2), ndtvprofit.com (3), rediff.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.
