Shiprocket IPO Day 2: GMP ₹28 (+₹3)
Welcome back, investors! We’re halfway through the Shiprocket IPO subscription period, and it’s time for our Day 2 update. As of the end of yesterday, August 13th, 2026, the Shiprocket IPO is open for subscriptions, and we’re keeping a close eye on how the market is reacting. The issue price is set at ₹97 per share, with the IPO scheduled to close on August 14th, 2026. Let’s dive into the details.
| Date | GMP | Est. Listing |
|---|---|---|
| 18 Aug | +₹33 | ₹130 |
| 17 Aug | +₹33 | ₹130 |
| 14 Aug | +₹33 | ₹130 |
| 13 Aug | +₹31 | ₹128 |
| 12 Aug | +₹28 | ₹125 |
Subscription Status
As of the close of Day 2, the subscription numbers for the Shiprocket IPO are showing a flat zero across all categories: Retail, NII (Non-Institutional Investors), and QIB (Qualified Institutional Buyers). This means that as of now, no applications have been formally recorded in the system. While this might seem concerning at first glance, it’s not entirely unusual for Day 2, especially for mainboard IPOs that often see a surge in interest on the final day. Typically, the bulk of subscriptions, particularly from retail investors, tend to come in during the last two days. However, the lack of even initial traction from NIIs and QIBs, who are usually more proactive, is something to monitor. We’ll be watching closely to see if this changes significantly by tomorrow.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 48.38x | |
| NII / HNI | 92.58x | |
| QIB | 125.20x | |
| Total | 125.20x |
GMP Update
On the Grey Market Premium (GMP) front, there’s positive movement to report. The current GMP for Shiprocket is ₹28, which is an increase from yesterday’s ₹25. This ₹3 jump is encouraging and suggests that market sentiment towards the company remains strong, despite the current subscription numbers. If this GMP holds, it indicates an expected listing price of around ₹125 (Issue Price ₹97 + GMP ₹28). This potential listing gain is a significant draw for many investors. It’s interesting to see the GMP strengthening even before the subscription numbers start to reflect genuine investor interest. This often happens when there’s a strong underlying belief in the company’s fundamentals and future prospects.
Should You Apply?
So, the million-dollar question: should you apply for the Shiprocket IPO? It’s a balanced picture right now. The subscription numbers are flat, which gives you plenty of time to consider your options without the pressure of oversubscription. On the other hand, the rising GMP is a strong positive signal, hinting at a potentially profitable listing. The lot size is 154 shares, so a single lot would cost ₹14,938 (154 shares * ₹97 issue price). Considering the expected listing price of ₹125, a single lot could potentially yield a profit of ₹4,312 (154 shares * ₹28 GMP). Remember, GMP is an unofficial indicator and can fluctuate. SEBI registered investment advisors are recommending a cautious approach, advising investors to look beyond just the GMP and analyze the company’s long-term growth potential and financials. The bottom line is, if you believe in Shiprocket’s business model and its ability to scale, and you’re comfortable with the risks associated with IPO investing, this could be an opportunity. However, if you’re solely focused on quick listing gains, the current subscription data warrants a wait-and-watch approach until tomorrow.