Home / Business and Economy / Shiprocket IPO: Rs 1617 Cr Issue Opens Aug 12
Shiprocket IPO: Rs 1617 Cr Issue Opens Aug 12
11 Aug
Summary
- Shiprocket IPO opens August 12 and closes August 14.
- The IPO aims to raise ₹1,617 crore with share prices from ₹92 to ₹97.
- Grey market suggests a potential 27% listing premium for Shiprocket shares.
The logistics and e-commerce solutions provider, Shiprocket, is launching its Initial Public Offering (IPO) with a book-build issue of ₹1,617 crore. The subscription period will run from Wednesday, August 12, to Friday, August 14. The price band for the IPO has been set between ₹92 and ₹97 per share.
Investor interest appears robust, with the grey market premium (GMP) indicating a potential listing at a 27% premium. This suggests that Shiprocket shares could begin trading at approximately ₹26 above the issue price. Following the closure of the IPO, share allotment is anticipated on Monday, August 17.
The company, which simplifies logistics, checkout, payments, and cross-border trade for merchants, is expected to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, August 19. Several investment funds and individual shareholders are participating as selling shareholders in the Offer for Sale (OFS) component of the IPO.
