Shiprocket IPO subscribed 99.3 times, GMP signals 38% listing gain

Shiprocket's initial public offering ended its three-day subscription process on a blockbuster note, receiving bids for 937 crore shares against 9.44 crore shares on offer, a subscription of 99.31 times, as per the Economic Times. Qualified institutional buyers led the charge with 122.8 times subscription, while non-institutional investors subscribed 88.9 times and retail investors 46.04 times.

In the unlisted market, Shiprocket shares commanded a grey market premium of Rs 37 per share, or about 38% over the upper price band of Rs 97, indicating an estimated listing price of Rs 134 per share. The company aims to raise Rs 1,617.59 crore through the issue, which includes a fresh issue of Rs 885.60 crore and an offer for sale of Rs 731.98 crore.

Shiprocket has already raised Rs 727.41 crore from anchor investors, with domestic mutual funds picking up 66.76% of the anchor allocation. The basis of allotment is expected to be finalised on August 17, and shares are scheduled to list on the NSE and BSE on August 19, 2026.