Shiprocket IPO Day 3 Live: Latest GMP, Subscription, and Review

The Shiprocket IPO is in its final day for subscriptions on August 14, offering investors one last chance to apply. The IPO opened on August 12, with a price range of ₹92 to ₹97 per share. There has been strong interest from investors, as overall subscriptions reached 7.80 times by 11:00 AM on Day 2. The retail section was subscribed 17.06 times, while the non-institutional investor category was subscribed 16.78 times. The qualified institutional buyer portion was subscribed only 0.04 times at that point. In the grey market, Shiprocket shares were trading at a premium of ₹35, showing positive sentiment before the listing. Several brokerage firms, including Anand Rathi, Nirmal Bang, Aditya Birla Money, SBI Capital Securities, and Ventura Securities, have a favorable outlook on this IPO and recommend that investors consider it. The IPO is set to close today, August 14, with share allotment expected to be finalized on August 17. KFin Technologies is the registrar for the issue, and the shares will be listed on both the BSE and NSE.