Shiprocket IPO Day 3: Strong Subscription, Latest GMP & Review

The Shiprocket IPO has entered its third and final day of subscription today, August 14, giving investors the last opportunity to apply for the public issue. The IPO opened on August 12 with a price band of ₹92 to ₹97 per share and is scheduled to close today. The issue has received strong investor demand, with the overall subscription reaching 7.80 times by 11:00 AM on Day 2. The retail category was subscribed 17.06 times, while the non-institutional investor portion was subscribed 16.78 times. The qualified institutional buyer category had received 0.04 times subscription at the same time. Meanwhile, the Shiprocket IPO grey market premium stood at ₹35 per share, indicating positive sentiment ahead of the listing. Several brokerage firms have given positive recommendations on the issue, while investors are advised to consider the risks and market conditions before making an investment decision. The IPO is proposed to be listed on both the BSE and NSE. The allotment is expected to be finalised on August 17, while KFin Technologies has been appointed as the registrar of the issue. Investors who have applied for the IPO can check the allotment status after the basis of allotment is finalised.