Shiprocket IPO Day 2 Subscription Status: 3.08x Subscribed; GMP at ₹34
Shiprocket’s IPO reached 3.08x subscription on Day 2, based on the latest consolidated bidding reading available in the early evening (5:00 p.m. to 6:29 p.m. IST) on 13 August 2026. Employee and retail demand led the response, while Qualified Institutional Buyers (QIBs) remained lightly subscribed. The Grey Market Premium (GMP) was ₹34, and the ₹1,617.48 crore issue remains open until 14 August 2026.
| Metric | Latest update |
| Bidding day | Day 2 |
| Data status | Early evening (5:00 p.m. to 6:29 p.m. IST) on 13 August 2026 |
| Overall subscription | 3.08x |
| QIB subscription | 0.03x |
| NII subscription | 4.70x |
| Retail subscription | 9.76x |
| Employee subscription | 13.59x |
| GMP | ₹34 |
| GMP percentage | 35.1% |
| Indicative price | ₹131 |
| Closing date | 14 August 2026 |
Live subscription feeds can show small differences while bids are being processed. An exchange-linked update shortly before the latest reading showed the overall book approaching 3x, while another late reading showed 3.09x. This article uses the latest 3.08x consolidated figure with a complete category breakdown.
Shiprocket IPO Day 2 Subscription Status
The second day saw demand broaden considerably outside the institutional category. Non-Institutional Investors (NIIs) subscribed their portion 4.70x, while retail demand reached 9.76x. The employee quota led at 13.59x. QIB demand stood at just 0.03x, although institutional participation often builds later in the bidding period.
| Investor category | Day 2 latest | Day 1 close |
| Qualified Institutional Buyers | 0.03x | 0.02x |
| Non-Institutional Investors | 4.70x | 1.23x |
| Retail Individual Investors | 9.76x | 3.33x |
| Employees | 13.59x | Not separately reported in the Day 1 exchange snapshot used here |
| Overall | 3.08x | 0.97x |
Day 1 exchange data showed bids for about 9.14 crore shares against roughly 9.44 crore shares on offer, translating into 0.97x subscription. Retail was already the strongest public-investor category at 3.33x, while NIIs stood at 1.23x and QIBs at 0.02x.
Subscription multiples measure shares bid for relative to shares reserved. They should not be read as the number of unique applicants, and smaller reserved categories can reach high multiples more quickly.
How Subscription Changed From Day 1
Overall demand moved from 0.97x at the Day 1 close to 3.08x on Day 2, an increase of about 2.11 times in absolute subscription multiple.
The clearest acceleration came from retail and NIIs. Retail moved from 3.33x to 9.76x, while NII demand rose from 1.23x to 4.70x. QIB participation changed only marginally, from 0.02x to 0.03x. This means the Day 2 increase was broad across non-institutional and retail bidding, but institutional demand remains the key unresolved part of the book before Closing Day.
Shiprocket IPO GMP Today and Estimated Listing Price
Shiprocket IPO’s latest available Grey Market Premium (GMP) was ₹34 in the afternoon (2:00 p.m. to 3:29 p.m. IST) on 13 August 2026. Multiple GMP trackers were showing the same ₹34 reading. The previous available reading on 12 August was also ₹34, so the GMP was broadly unchanged day on day.
With the upper price band at ₹97:
Indicative price = ₹97 + ₹34 = ₹131
GMP percentage = ₹34 ÷ ₹97 × 100 = 35.1%
The ₹131 figure is only an arithmetic indication based on unofficial grey-market activity. GMP is unregulated, can change quickly, and does not guarantee the actual listing price or any listing gain.
What Stands Out in Today’s Bidding
Two signals are notable. First, the book has moved from below full subscription at the Day 1 exchange close to roughly three times subscribed on Day 2. Second, retail and NII demand have accelerated sharply, rather than the increase coming from just one investor category.
There are also clear limitations. QIB subscription remains low at 0.03x, so the final institutional response is still unknown. Also, a 35.1% GMP and higher subscription do not establish fair valuation, business quality, or future returns. Subscription and GMP measure different aspects of market demand and can move independently.
IPO Details Retail Investors Need
| IPO detail | Shiprocket |
| Price band | ₹92 to ₹97 per share |
| Lot size | 154 shares |
| Minimum retail investment | ₹14,938 at ₹97 |
| 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 minimum investment calculation is 154 shares × ₹97 = ₹14,938. The offer combines fresh capital raised by Shiprocket with an Offer for Sale (OFS) by existing shareholders.
Brief Company and Financial Context
Shiprocket provides technology-led e-commerce services covering shipping, fulfilment, checkout, payments, cross-border logistics, and related merchant solutions. Revenue from operations increased to ₹2,024.14 crore in FY26 from ₹1,632.01 crore in FY25, although the Profit After Tax (PAT) loss widened to ₹79.25 crore from ₹74.45 crore.
Fresh proceeds include ₹365.60 crore for platform growth and ₹210 crore for repayment or prepayment of borrowings, with additional funds earmarked for acquisitions and general corporate purposes. Dependence on logistics and other service partners remains a material operating consideration.
What Happens Next
Shiprocket enters Closing Day on 14 August 2026. Investors tracking the issue should watch whether QIB bidding picks up, whether retail and NII demand continues to expand, and whether the ₹34 GMP holds or changes. Final subscription figures should be assessed only after the exchange bidding data stabilises following the close.
Frequently Asked Questions (FAQs)
Q: How many times was the Shiprocket IPO subscribed on Day 2?
A: Shiprocket IPO was subscribed about 3.08x overall based on the latest consolidated Day 2 reading used in this update. Retail stood at 9.76x, NIIs at 4.70x, QIBs at 0.03x, and employees at 13.59x.
Q: How did Shiprocket IPO demand change from Day 1 to Day 2?
A: Overall subscription increased from 0.97x at the Day 1 exchange close to about 3.08x on Day 2. Retail and NII bidding contributed most visibly to the acceleration, while QIB demand remained comparatively limited.
Q: What is the Shiprocket IPO GMP today?
A: The latest available Shiprocket IPO GMP was ₹34 per share on 13 August 2026. The reading was unchanged from the previous available ₹34 quote on 12 August. GMP is unofficial and may change before listing.
Q: What listing price does the current Shiprocket IPO GMP indicate?
A: At the ₹97 upper price band and a ₹34 GMP, the arithmetic indicative price is ₹131 per share, or about 35.1% above the upper issue price. This is not a forecast or guaranteed listing price.
Q: Does high Shiprocket IPO subscription guarantee a premium listing?
A: No. Subscription shows demand for shares during the IPO, while GMP is an unofficial market indicator. Neither guarantees the listing price. Company fundamentals, valuation, broader market conditions, and demand at listing can all influence actual performance.
Disclaimer
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