Shiprocket shares are set to debut on the stock market on Wednesday, August 19, following a strong response to the company’s Rs 1,617.48-crore IPO.
The issue was subscribed 102.28 times by the close of bidding on August 14. The retail portion was subscribed 48.38 times, while the QIB (excluding anchor investors) and NII categories saw subscription levels of 125.20 times and 92.58 times, respectively.
Ahead of the listing, the latest grey market premium (GMP) indicates a possible gain of more than 34% for investors.
As of 11:30 am on August 18, Shiprocket’s GMP stood at Rs 33.5 per share, according to market data. With the IPO’s upper price band set at Rs 97 per share, the implied listing price comes to Rs 130.50. This points to a potential gain of around 34.54% over the issue price.
However, GMP is only an unofficial market indicator and does not guarantee the actual listing price. The premium can fluctuate before the shares begin trading.
Investors can check their allotment status through the IPO registrar, Kfin Technologies, as well as the stock exchanges.
SHIPROCKET IPO GMP TREND
Shiprocket’s GMP remained positive throughout the subscription period, although it moved up and down slightly.
The premium was around Rs 34 on the first day of bidding on August 12 and climbed to Rs 36.5 on August 13. It settled at approximately Rs 34 when the three-day issue closed on August 14.
Following the close of the IPO, the GMP fell briefly to around Rs 32 on August 15 and 16 before recovering to Rs 33.5 on August 17. It remained at the same level on August 18.
The premium has therefore stayed above Rs 30 for most of the IPO period, indicating continued positive sentiment ahead of the market debut.
HOW MUCH COULD INVESTORS EARN?
The Shiprocket IPO had a lot size of 154 shares. At the upper price band of Rs 97, a retail investor needed Rs 14,938 to apply for one lot.
If the stock lists at the GMP-implied price of Rs 130.50, an investor allotted one lot could potentially make around Rs 5,159.
For five lots, the investment would amount to Rs 74,690 for 770 shares. At Rs 130.50 per share, the notional value would be Rs 1,00,485, resulting in a potential profit of Rs 25,795.
The calculation is:
Rs 130.50 - Rs 97 = Rs 33.50 gain per share
Rs 33.50 × 154 shares = Rs 5,159
Rs 5,159 × 5 lots = Rs 25,795
A listing at Rs 130.50 would represent a gain of approximately 34.54% over the initial investment of Rs 14,938 for one lot.
However, the actual profit or loss will depend entirely on the listing price. Any deviation from the GMP-indicated price will change the final returns.
WHAT DO EXPERTS SAY?
Geojit Investments has maintained a positive view of the IPO, citing Shiprocket’s expanding merchant base and diversified business operations.
“At the upper price band of Rs 97, Shiprocket is valued at about 3.6x FY26 EV/Sales on a post-issue basis, which is at a discount to the listed peer,” Geojit Investments said.
The brokerage has therefore recommended subscribing for investors with a medium- to long-term investment horizon. The positive outlook is supported by Shiprocket’s position in the expanding e-commerce logistics sector, its technology-driven platform and the strong investor demand witnessed during the IPO.
Shiprocket shares are scheduled to list on both the NSE and BSE on Wednesday, August 19. However, investors should remember that GMP is unofficial, and both the actual listing price and subsequent stock performance may differ significantly from current grey-market expectations.
