3 weeks ago
Shiprocket IPO Opens August 12; GMP Hints 27% Listing Gains
Shiprocket is a company in India that helps small and big shops sell things online.
It takes care of sending packages, handling payments, and other shopping tasks for merchants.
Now Shiprocket wants regular people to buy tiny pieces of its company, called shares.
This is called an IPO, which means 'initial public offering.'
People can buy these shares for a few days starting 12 August.
Each share will cost between 92 and 97 rupees.
Some traders already guess the shares will be worth more later, maybe about 27% more.
The money Shiprocket raises will be used for advertising, better technology, paying off loans, and possibly buying other companies.
After the buying period ends, the shares will start trading on India's big stock exchanges.
This way, anyone can own a small part of the company.
Shiprocket's ₹1,617 crore book-build IPO opens for subscription on Wednesday, 12 August, and closes on Friday, 14 August, with a price band of ₹92 to ₹97 per share.
The grey market premium (GMP) for Shiprocket shares was ₹26, suggesting the stock could list at about a 27% premium to the issue price.
The issue comprises a fresh issue of 9.13 crore shares to raise ₹885.50 crore and an offer for sale (OFS) of 7.55 crore shares.
Share allotment is expected to be finalised on Monday, 17 August, and shares will list on the NSE and BSE on Wednesday, 19 August.
Per the Red Herring Prospectus, net proceeds will fund marketing initiatives, technology infrastructure, repayment of borrowings, potential inorganic growth through acquisitions, and general corporate purposes.
- Who
- Shiprocket, led by managing director and CEO Saahil Goel; the issue is managed by book-running lead managers Axis Capital, BofA Securities India, JM Financial, and Kotak Mahindra Capital Company, with KFin Technologies as registrar.
- What
- An initial public offering (IPO) of Shiprocket shares on Indian stock exchanges, combining a fresh issue and an offer for sale by existing investors.
- Where
- India; shares will list on the National Stock Exchange (NSE) and BSE.
- When
- Subscription runs from Wednesday, 12 August, to Friday, 14 August; allotment is expected on Monday, 17 August, and listing on Wednesday, 19 August.
- Why
- To raise funds for marketing initiatives, investment in technology infrastructure, repayment of certain borrowings, inorganic growth through unidentified acquisitions, and general corporate purposes.
Key facts
- IPO type
- Book-build issue of ₹1,617 crore
- Price band
- ₹92–₹97 per share
- Fresh issue
- 9.13 crore shares (₹885.50 crore)
- Offer for sale
- 7.55 crore shares
- Subscription dates
- 12–14 August
- Expected allotment date
- Monday, 17 August
- Expected listing date
- Wednesday, 19 August (NSE and BSE)
- Grey market premium
- ₹26 per share (suggests ~27% listing premium)









