Shiprocket IPO GMP Today: Issue Fully Subscribed On Day 2, What Should Investors Do?

The
Ship ocket
IPO
has
al eady
c ossed
the
full-subsc iptio
ma k
o
its
seco d
day,
but
the
st o ge
questio
fo
i vesto s
o
the
fi al
st etch
of
the
issue
is
whethe
the
ma ket’s
i itial
e thusiasm
is
backed
by
the
compa y’s
fi a cial
p ofile.

The
mai boa d
public
issue
was
subsc ibed
1.25
times
by
10:25
am
o
Thu sday,
August
13,
acco di g
to
the
subsc iptio
data
available
at
the
time.
The
IPO
ope ed
o
August
12
a d
closes
o
August
14.

At
the
same
time,
Ship ocket’s
g ey
ma ket
p emium
(GMP)
was
bei g
quoted
at
Rs
34,
poi ti g
to
a
i dicative
listi g
p ice
of
a ou d
Rs
131
agai st
the
uppe
issue
p ice
of
Rs
97,
epo ted
Livemi t.

That
t a slates
i to
a
pote tial
listi g
p emium
of
35.05
pe
ce t.
Howeve ,
GMP
is
a
u official
i dicato
a d
ca
cha ge
befo e
listi g,
so
it
should
ot
be
t eated
as
a
gua a teed
etu .

What
Is
D ivi g
Dema d
Fo
Ship ocket
IPO?

The
subsc iptio
umbe s
show
a
clea
diffe e ce
i
dema d
ac oss
i vesto
catego ies.

The
etail
po tio
was
subsc ibed
4.20
times,
maki g
i dividual
i vesto s
the
st o gest
co t ibuto s
to
the
dema d
so
fa .
The
catego y
has
1.73
c o e
sha es
ese ved
fo
it.

No -i stitutio al
i vesto s
also
showed
i te est,
with
thei
po tio
subsc ibed
1.66
times
agai st
2.60
c o e
sha es
o
offe .

Qualified
i stitutio al
buye s,
howeve ,
had
subsc ibed
o ly
2
pe
ce t
of
thei
ese ved
po tio
at
the
time
of
the
data.
The
QIB
catego y
has
5.09
c o e
sha es
ea ma ked
fo
it.

The
co t ast
i
catego y-wise
pa ticipatio
is
a
impo ta t
pa t
of
the
IPO’s
Day
2
pictu e,
pa ticula ly
as
i stitutio al
dema d
emai s
elatively
limited
at
this
stage.

Also
Read
:

Dalal
St eet
O
Edge,
I vesto s
Await
US
I flatio
Data:
Se sex
Dow
100
Poi ts,
Nifty
Tests
24,350

The
Bigge
Questio :
Ca
Ship ocket
Tu
G owth
I to
P ofit?

Ship ocket
ope ates
i
the
e-comme ce
e ableme t
space,
p ovidi g
busi esses
with
a
tech ology
platfo m
cove i g
shippi g,
checkout,
payme ts,
fulfilme t,
c oss-bo de
comme ce
a d
custome
expe ie ce.

The
compa y
bega
p ima ily
as
a
logistics
platfo m
befo e
expa di g
i to
a
b oade
comme ce
tech ology
busi ess.

Its
fi a cial
pe fo ma ce
shows
st o g
eve ue
expa sio ,
but
p ofitability
emai s
a
a ea
i vesto s
will
eed
to
co side .

Acco di g
to
SBICAP
Secu ities,
Ship ocket’s
eve ue
g ew
at
a
24
pe
ce t
CAGR
betwee
FY24
a d
FY26.
At
the
same
time,
its
adjusted
loss
afte
tax
a owed
substa tially,
f om
Rs
351
c o e
i
FY24
to
Rs
76
c o e
i
FY26.

That
imp oveme t
i
losses
is
o e
of
the
facto s
highlighted
i
the
b oke age’s
assessme t
of
the
IPO.

Debt
Repayme t
Could
Cha ge
The
Fi a cial
Pictu e

A
sig ifica t
po tio
of
the
f esh
issue
p oceeds
is
ea ma ked
fo
educi g
debt.

Ship ocket
pla s
to
use
ea ly
Rs
210
c o e
f om
the
f esh
issue
towa ds
debt
epayme t.
SBICAP
Secu ities
estimates
that
total
debt
could
fall
f om
a ou d
Rs
242
c o e
i
FY26
to
about
Rs
32
c o e
afte
the
epayme t.

The
b oke age
said
the
eductio
could
lowe
i te est
costs
a d
pote tially
suppo t
p ofitability.

At
the
uppe
issue
p ice
of
Rs
97,
SBICAP
Secu ities
values
the
compa y
at
a ou d
3.1
times
FY26
EV/Sales
based
o
the
post-issue
capital.

The
b oke age
has
ecomme ded
subsc ibi g
to
the
issue
at
the
cut-off
p ice.

What
Exactly
Is
Ship ocket
Buildi g?

Ship ocket
has
moved
well
beyo d
its
i itial
logistics
offe i g.

The
platfo m
helps
busi esses
ma age
diffe e t
pa ts
of
o li e
a d
offli e
comme ce,
i cludi g
shipme t
p ocessi g,
payme ts,
checkout
a d
fulfilme t.

Its
o igi al
logistics
busi ess
i cluded
automated
pickups,
eal-time
shipme t
t acki g,
secu e
delive ies,
weight
ve ificatio
a d
quicke
cash-o -delive y
settleme ts.

The
expa sio
i to
a
wide
comme ce
tech ology
platfo m
is
ce t al
to
the
compa y’s
g owth
st ategy
a d
fo ms
pa t
of
the
i vestme t
case
outli ed
by
the
b oke ages.

Whe e
Will
The
IPO
Mo ey
Go?

The
f esh
issue
is
i te ded
to
fu d
tech ology,
ma keti g
a d
othe
g owth- elated
expe ditu e.

Of
the
p oceeds,
Rs
294
c o e
has
bee
ea ma ked
fo
ma keti g
a d
b a d
buildi g.

A othe
Rs
211
c o e
will
be
used
to
st e gthe
tech ology
i f ast uctu e
a d
capabilities
ac oss
the
compa y’s
existi g
a d
eme gi g
busi esses.

The
compa y
will
also
use
the
p oceeds
to
st e gthe
its
b oade
ope atio al
platfo m.

Ship ocket
IPO:
P ice
Ba d,
Lot
Size
A d
Offe
St uctu e

The
IPO
has
a
p ice
ba d
of
Rs
92
to
Rs
97
pe
sha e.

The
offe i g
co sists
of
a
f esh
issue
of
9.13
c o e
equity
sha es
wo th
Rs
885.60
c o e
a d
a
offe
fo
sale
of
7.55
c o e
sha es
agg egati g
Rs
731.98
c o e.

The
OFS
i cludes
sales
by
i stitutio al
a d
i dividual
sha eholde s.
LR
I dia
Fu d
I
SARL
SICAV-RAIF
is
expected
to
eceive
a ou d
Rs
258.49
c o e,
while
A vi d
Ltd.
is
likely
to
aise
about
Rs
161
c o e.

Ship ocket
co-fou de s
Gautam
Kapoo
a d
Saahil
Goel
a e
each
expected
to
eceive
app oximately
Rs
144
c o e
f om
thei
espective
sha e
sales.
T ibe
Capital
III
LLC-Se ies
1
is
p ojected
to
ga e
ea ly
Rs
120
c o e.

How
Much
Does
It
Cost
To
Apply?

Retail
i vesto s
eed
to
bid
fo
a
mi imum
of
154
sha es.

At
the
uppe
e d
of
the
p ice
ba d,
the
mi imum
i vestme t
wo ks
out
to
Rs
14,938.

Of
the
ove all
issue,
75
pe
ce t
is
ese ved
fo
QIBs,
15
pe
ce t
fo
NIIs
a d
the
emai i g
10
pe
ce t
fo
etail
i vesto s.

ALSO
READ:& bsp;Reti ed
But
Did & squo;t
Withd aw
EPF?
K ow
Whe
You
Savi gs
Stop
Ea i g
I te est

Whe
Will
Ship ocket
Sha es
List?

The
basis
of
allotme t
is
expected
to
be
fi alised
o
August
17.

Successful
applica ts
a e
expected
to
see
the
sha es
listed
o
both
the
NSE
a d
BSE
o
August
19,
2026.

Axis
Capital
is
the
book- u i g
lead
ma age ,
while
KFi
Tech ologies
is
the
egist a
to
the
issue.

The
Fi al-Day
Questio
Fo
I vesto s

Ship ocket
e te s
its
fi al
subsc iptio
day
with
th ee
clea
sig als
i
focus:
the
issue
is
al eady
fully
subsc ibed,
etail
dema d
is
st o g
a d
the
g ey
ma ket
is
i dicati g
a
pote tially
sizeable
listi g
p emium.

But
those
i dicato s
sit
alo gside
a othe
set
of
umbe s:
the
compa y’s
cu e t
losses,
its
competitive
ma ket
a d
the
eed
to
co ti ue
i vesti g
i
its
busi ess.

Fo
i vesto s
weighi g
the
IPO,
the
decisio
the efo e
goes
beyo d
the
Rs
34
GMP.
The
compa y’s
ability
to
co ve t
eve ue
g owth
i to
sustai able
p ofitability,
educe
debt
a d
scale
its
ewe
busi esses
will
be
equally
impo ta t
i
dete mi i g
how
the
stock
pe fo ms
beyo d
its
debut.

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