Shiprocket IPO Day 1 Subscription Status: 0.97x Subscribed; GMP at ₹34
Shiprocket’s IPO ended Day 1 with an overall subscription of 0.97 times, based on exchange bidding data as of early evening on 12 August 2026. Retail investors led the response at 3.33 times, while Non-Institutional Investors (NIIs) subscribed 1.23 times. The Grey Market Premium (GMP) was around ₹34 by the evening, while the ₹1,617.48 crore issue remains open until 14 August 2026.
| Metric | Latest update |
| Bidding day | Day 1 |
| Data status | Early evening on 12 August 2026 |
| Overall subscription | 0.97x |
| QIB subscription | 0.02x |
| NII subscription | 1.23x |
| Retail subscription | 3.33x |
| Employee category | Not separately confirmed in adopted closing dataset |
| Current GMP | Around ₹34 |
| GMP percentage | About 35.1% |
| Indicative price | About ₹131 |
| Closing date | 14 August 2026 |
Shiprocket IPO Day 1 Subscription Status
Shiprocket received bids for about 9.14 crore shares against approximately 9.44 crore shares available, taking overall Day 1 subscription to 0.97 times.
Qualified Institutional Buyers (QIBs) showed limited participation on the opening day, while both retail and NII portions crossed full subscription.
| Investor category | Day 1 subscription |
| Qualified Institutional Buyers (QIBs) | 0.02x |
| Non-Institutional Investors (NIIs) | 1.23x |
| Retail Individual Investors | 3.33x |
| Overall | 0.97x |
Retail investors placed bids for roughly 5.78 crore shares against about 1.73 crore shares reserved for the category. NIIs bid for around 3.19 crore shares against about 2.60 crore shares available to them.
These multiples measure the quantity of shares bid for relative to the shares reserved. They should not be read as the number of unique applicants.
What the Day 1 Subscription Numbers Indicate So Far
The opening-day response was concentrated mainly in retail and NII demand rather than spread evenly across investor categories. Retail subscription of 3.33 times was the strongest among the main public categories, while the NII book also moved above full subscription.
QIB demand, at 0.02 times, remained limited on Day 1. Institutional bids often build later in the bidding period, although that historical pattern does not establish how Shiprocket’s QIB book will develop over the next two days.
With the overall issue just short of full subscription after Day 1, Day 2 will provide a clearer indication of whether participation broadens beyond retail investors.
Shiprocket IPO GMP Today and Estimated Listing Price
Shiprocket’s latest Grey Market Premium (GMP) was around ₹34 per share in the evening on 12 August 2026. One tracker quoted ₹34, while another showed ₹33.50, so the readings were closely aligned.
The previous available GMP was around ₹30 on 11 August, indicating that the unofficial premium strengthened as the issue entered its first bidding day.
At the upper price band of ₹97:
Indicative price = ₹97 + ₹34 = ₹131
GMP percentage = ₹34 ÷ ₹97 × 100 = about 35.1%
The GMP therefore points to an indicative grey-market price of around ₹131 per share.
GMP is an unofficial and unregulated market indicator. It can change quickly during the IPO period, and it does not guarantee the actual listing price or any listing gain.
What Stands Out in Today’s Bidding
Two signals are notable after Day 1. First, retail demand crossed three times the shares reserved for that category. Second, NII participation also exceeded full subscription, helping the overall book reach 0.97 times despite low QIB bidding.
The GMP also strengthened from the previous day’s reading, so both retail bidding and the unofficial premium moved higher.
There are important limitations. The overall subscription number remains influenced by the allocation available to each category, and a high multiple in a smaller reserved portion should not be compared directly with a larger institutional allocation. Subscription levels also do not establish whether Shiprocket is fairly valued, whether its business will become profitable, or what returns the shares may deliver after listing.
IPO Details Retail Investors Need
| IPO detail | Shiprocket IPO |
| Price band | ₹92 to ₹97 per share |
| Lot size | 154 shares |
| Minimum retail investment | ₹14,938 at ₹97 |
| Total issue size | ₹1,617.48 crore |
| Fresh issue | ₹885.50 crore |
| Offer for Sale (OFS) | ₹731.98 crore |
| Issue type | Mainboard book-built IPO |
| Closing date | 14 August 2026 |
| Expected listing date | 19 August 2026 |
| Exchange | BSE and NSE |
The fresh issue forms a little over half of the total offer, while the remaining portion is an Offer for Sale (OFS) by existing shareholders.
Brief Company and Financial Context
Shiprocket operates a technology-enabled e-commerce platform serving micro, small, and medium enterprises, as well as larger retailers. Its services cover domestic shipping, fulfilment, cross-border commerce, checkout and payments, marketing, and other merchant solutions.
Revenue from operations increased about 24% to ₹2,024.1 crore in FY26, from ₹1,632 crore in FY25. However, the company remained loss-making, reporting a net loss of about ₹79.2 crore, compared with ₹74.4 crore a year earlier. Fresh proceeds are intended for marketing, technology infrastructure, repayment or prepayment of borrowings, possible acquisitions, and general corporate purposes. Continued losses remain an important consideration for investors assessing valuation and execution risk.
What Happens Next
Shiprocket IPO enters Day 2 on 13 August 2026 and closes on 14 August. The key numbers to monitor will be whether overall subscription accelerates, whether QIB participation increases, whether NII and retail demand remains firm, and whether the GMP holds its recent rise.
Day 1 figures are only an opening snapshot. The category mix can change materially before bidding closes.
Frequently Asked Questions (FAQs)
Q: How many times was the Shiprocket IPO subscribed on Day 1?
A: Shiprocket IPO was subscribed 0.97 times overall by the end of Day 1 on 12 August 2026. Retail investors led the main categories at 3.33 times, while NIIs subscribed 1.23 times and QIBs 0.02 times.
Q: What is the Shiprocket IPO GMP today?
A: Shiprocket IPO GMP was around ₹34 per share in the evening on 12 August 2026. GMP is unofficial and can change rapidly before listing, so it should not be treated as a guaranteed return.
Q: What listing price does the current Shiprocket IPO GMP indicate?
A: With an upper price band of ₹97 and a GMP of about ₹34, the indicative grey-market price works out to roughly ₹131 per share. This is only an unofficial indication and not a forecast of the actual listing price.
Q: Does high Shiprocket IPO subscription guarantee a premium listing?
A: No. High subscription reflects bid demand relative to shares available in each category. It does not guarantee a premium listing, establish fair valuation, or predict long-term returns. Market conditions, institutional demand, company fundamentals, and sentiment closer to listing can all affect the eventual price.
Disclaimer
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