Neutral impactIPO
Shiprocket IPO Day 1: Issue subscribed 7% so far. GMP hints 31% listing gain. Check review, subscription. Apply or not?
livemint.com 2 hrs ago·12 Aug 2026, 4:49 am
IPO livemint.com
Shiprocket, a major player in India's e-commerce logistics sector, opened its Initial Public Offering (IPO) on the first day. The company offers a comprehensive technology platform that helps online sellers manage their shipping needs. The IPO received a lukewarm response on Day 1, with the issue subscribed at 7%. This indicates that the IPO is currently under-subscribed, meaning there is more supply of shares than demand at this stage.
For investors, this slow start suggests that the IPO may not see a strong listing gain. The grey market premium (GMP), which is an unofficial indicator of listing price, is currently hinting at a potential gain of around 31%. However, a subscription figure of 7% is quite low, and the final listing price will depend on the response in the coming days. Investors should keep an eye on the subscription status as it progresses to understand the market's sentiment towards the stock.
Key takeaways
- Category: IPO.
Why it matters
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