Shiprocket IPO Subscribed 25.8X So Far On Final Day Of Bidding

Shiprocket’s ₹1,617.5 Cr IPO witnessed overwhelming demand, subscribing at an unprecedented 25.8X on the final day of bidding, according to BSE data. The issue received bids for 243.83 Cr shares, far surpassing the 9.44 Cr shares on offer. The IPO consists of a fresh issue worth up to ₹885.5 Cr and an OFS component of about ₹732 Cr.

NII investors led the demand, placing bids for 130.73 Cr shares, resulting in a subscription of 50.27X. Within the NII category, the segment reserved for bids between ₹2 Lakh and ₹10 Lakh saw a subscription of 39.49X. Retail investors contributed 50.26 Cr shares, subscribing at a rate of 28.99X. The employee quota was subscribed at a rate of 34.46X.

QIB investors also showed increased interest, with bids for 62.43 Cr shares, leading to a subscription of 12.25X, up from 3% at the end of the second day. Shiprocket’s IPO allotment is scheduled for August 17, while share listings on the NSE and BSE are set for August 19. The IPO saw a subscription of 3.16X by the end of the second day, driven by retail investors who led with a 9.7X subscription, followed by NIIs at 4.8X.

Anchors had already raised ₹727.4 Cr from mutual funds like HDFC Mutual Fund and global investors such as Goldman Sachs before the IPO.