Shiprocket IPO Fully Subscribed: Retail Demand Surges
By IPO Desk
Shiprocket’s IPO fully subscribed 2.07x on day 2, with strong demand from retail investors. Learn IPO details, price band, and subscription figures.
Shiprocket’s Initial Public Offering hit a 2.07 times subscription rate on its second day, Thursday, August 13, 2026. This oversubscription was largely driven by robust participation from retail investors.
IPO Details & Key Figures
- IPO Size: ₹1,617 crore
- Fresh Issue: ₹885 crore
- Offer for Sale (OFS): ₹732 crore
- Price Band: ₹92-97 per share
- Lot Size: 154 shares
The IPO opened on August 12 and is scheduled to close on August 14. Funds from the fresh issue are designated for platform growth, debt repayment, inorganic growth acquisitions, and general corporate purposes.
Subscription Breakdowns
BSE data indicated significant interest across investor categories:
- Retail Investors: 6.86 times subscribed
- Non-Institutional Investors (NIIs): 2.86 times subscribed
- Qualified Institutional Buyers (QIBs): 0.02 times subscribed
The grey market premium (GMP) for Shiprocket currently stands at ₹34 per share. This suggests shares are trading at ₹135 in the unofficial market, implying a potential listing gain of 35.05 percent for investors.
Shiprocket shares are slated for listing on both the BSE and NSE on August 19. Axis Capital, BofA Securities India, JM Financial, and Kotak Mahindra Capital Company are serving as the book-running lead managers for the offering.
While some analysts find the IPO’s valuations attractive, others remain cautious. Concerns stem from Shiprocket’s current loss-making status, potentially deterring conservative value investors.