Shiprocket’s shares are set to make their market debut today, Wednesday, August 19, after the company’s Rs 1,617.48‑crore initial public offering drew strong investor interest. The IPO opened on August 12, with the grey market premium (GMP) starting at about Rs 34 per share. By the next day, August 13, the GMP had risen to roughly Rs 36.5, reflecting growing demand.
The GMP has been used by investors to gauge a potential listing price. With the upper price band fixed at Rs 97, a GMP of Rs 33.5 implied a possible listing price of Rs 130.50, which translates to a gain of about 34.54% over the issue price. This level of upside has attracted significant attention from the market.
Subscription figures show the IPO was oversubscribed 102.28 times in total. Retail investors bought shares 48.38 times, while qualified institutional buyers (QIB) and non-institutional investors (NII) subscribed 125.20 and 92.58 times respectively, underscoring the strong demand across all investor categories.
It is important to note that the GMP is an unofficial indicator and the actual listing price may differ. The GMP can fluctuate before the stock opens, and the final price may be set by the exchange and the company.
With the listing scheduled for today, traders and investors will be watching closely to see if the shares open near the GMP‑derived target and how the market reacts to the company’s first day on the main board.