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Shiprocket IPO fully subscribed on second day of bidding; grey market premium at 35% as retail investors lead

The IPO of Gurugram-based Shiprocket was fully subscribed on its second day, with bids for 12.77 million shares against 9.44 million available. Retail investors led the charge, subscribing 4.57 times their portion, while the grey market premium reached 35%, indicating strong market confidence.

Moneycontrol.com13 August 2026 · 07:53 UTC
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The Shiprocket IPO, which opened on August 12 and closes on August 14, has garnered significant interest, being subscribed 1.36 times by the second day.

Retail investors have shown remarkable enthusiasm, with their portion subscribed 4.57 times, while non-institutional investors subscribed 1.79 times.

The grey market premium (GMP) is currently at 35%, translating to an indicative price of ₹131 per share, up from the IPO price band of ₹92-97.4569

Shiprocket aims to raise ₹1,617.5 crore at the upper end of the price band, with ₹885.5 crore from a fresh issue and ₹732 crore from an offer for sale by existing shareholders.10

Prior to the IPO, the company secured ₹727.41 crore from 50 anchor investors, including major firms like Nomura and Goldman Sachs.

The funds will be allocated for marketing initiatives, technology investments, and debt repayment, with ₹365.6 crore earmarked for marketing and ₹210 crore for debt prepayment.11

As of July 10, 2026, Shiprocket's total borrowings stood at ₹244.5 crore.

Key Insight
“The issue received bids for 12.77 crore shares against 9.44 crore on offer, with retail portion subscribed 4.57 times. The company aims to raise ₹1,617.5 crore at the upper price band of ₹97, with proceeds earmarked for marketing and debt repayment.”
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Moneycontrol.com
“The initial public offering (IPO) of Gurugram-based e-commerce shipping and logistics platform Shiprocket continued to get strong investor interest on the second day of bidding, with the issue subscribed 1.36 times as of 10:30 am on August 13, according to NSE data.”
Moneycontrol.com →
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