Shiprocket is poised to list on August 19 after a highly oversubscribed ₹1,617.48-crore IPO, with grey market indicators suggesting a potential 34.5% first-day gain amid robust investor interest.
Shiprocket is set to make its market debut on Wednesday, August 19, after its ₹1,617.48-crore initial public offering drew heavy demand from investors. According to Moneycontrol, the issue was subscribed 102.28 times by the end of bidding on August 14, with particularly strong interest from institutional buyers and solid participation from retail investors.
The offering’s last grey market premium pointed to a possible first-day jump of about 34.5%. Moneycontrol reported that Shiprocket’s premium stood at ₹33.5 a share on August 18, implying an indicative listing price of ₹130.50 against the issue price of ₹97. Still, the grey market is an informal signal rather than a guarantee, and the opening trade can easily differ from that estimate.
Demand remained firm throughout the subscription period, with the grey market premium staying positive for most of the offer window. Moneycontrol said the premium ranged between ₹32 and ₹36.5 before settling at ₹33.5 on August 17 and 18, suggesting investors continued to expect a favourable listing even as the price moved around.
For applicants hoping to check whether they received shares, allotment status is expected to be available through the registrar, Kfin Technologies, and on exchange platforms. Geojit Investments has taken a positive view of the issue, citing Shiprocket’s growing merchant base and diversified business, and said that at the top end of the price band the company was valued at about 3.6 times FY26 enterprise value to sales on a post-issue basis, below a listed peer, according to India Today’s report.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
