Shiprocket IPO: GMP Signals 37% Listing Gain As Subscription Crosses 98x
Shiprocket's ₹1,617 crore initial public offering (IPO) closed for subscription on August 14, with a subscription rate exceeding 98 times. The grey market premium indicates a potential listing gain of 37.11%, suggesting an estimated listing price of ₹133. The allotment date is set for August 17, with shares expected to begin trading on August 19.