Now Reading: Shiprocket IPO subscribed 99.31 times, GMP indicates 38% premium
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Shiprocket IPO subscribed 99.31 times, GMP indicates 38% premium
Shiprocket IPO subscribed 99.31 times, GMP indicates 38% premium
Shiprocket’s three-day initial public offering closed with bids for 937 crore shares against 9.44 crore shares on offer, taking overall subscription to 99.31 times. Qualified institutional buyers led demand, subscribing 122.8 times…
The Story in Brief
Shiprocket’s three-day initial public offering closed with bids for 937 crore shares against 9.44 crore shares on offer, taking overall subscription to 99.31 times. Qualified institutional buyers led demand, subscribing 122.8 times their reserved portion, while non-institutional investors subscribed 88.9 times and retail investors 46.04 times.
The grey market premium stood at Rs 37 a share, or about 38% above the Rs 97 upper issue price, implying a possible listing price of Rs 134 if the trend holds. Shiprocket is raising Rs 1,617.59 crore. Allotment is expected on August 17, with NSE and BSE listing scheduled for August 19, 2026.
The Indian Opinion
The lazy reading is that heavy subscription guarantees easy profits. It does not. Grey market prices are informal signals, while the issue includes Rs 731.98 crore of offer-for-sale shares and plans Rs 294 crore for marketing. The company’s ability to turn institutional enthusiasm into durable earnings matters more than opening-day excitement. Investors should watch revenue growth, cash generation and debt repayment after listing, not just whether the share reaches Rs 134.
Sources (2): economictimes.indiatimes.com, economictimes.indiatimes.com (2)
This story was synthesised by AI from the 2 sources linked above.
