August 13, 2026 at 04:50 AM 2 min readmarketsdeveloping
Shiprocket and Behari Lal IPOs Gain Momentum on Day Two
Active IPO Offerings:
The primary market remains robust as multiple initial public offerings draw strong investor interest across retail and institutional categories. The Shiprocket IPO achieved a 97 percent subscription rate by its second day on August 13, driven by a 3.34 times subscription in the retail portion. Meanwhile, the Behari Lal Engineering public issue was booked 2.10 times on its second trading day.
Subscription and Pricing Details:
Shiprocket's ₹1,617.48 crore public issue operates within a price band of ₹92 to ₹97 per share, having secured ₹727.42 crore from anchor investors earlier. The grey market premium for Shiprocket points to a potential listing gain exceeding 35 percent. Separately, Gaja Capital established its price band between ₹152 and ₹160 per share for an upcoming ₹550 crore public offering scheduled for August 19.
Allotment and Listing Schedules:
Investors await final allotment results for the Dhoot Transmission public issue on August 13. Shiprocket shares are slated for allotment on August 17 with a tentative listing date on the NSE and BSE by August 19. Gaja Capital will finalize its basis of allotment on August 24 ahead of its exchange debut on August 26.
Pulse Intelligence
Context & ImpactContext & Background
- Indian primary markets have experienced steady liquidity inflows as retail participation in initial public offerings remains elevated throughout the fiscal year.
- Companies continue to leverage public markets for debt reduction and expansion capital despite broader macroeconomic volatility.
Key Consequences
- Shiprocket shares will complete their allotment phase on August 17 ahead of a scheduled stock exchange listing on August 19.
- Gaja Capital will open its bidding window to public investors on August 19 following anchor allocations on August 18.
Market & Economic Impact
Strong primary market demand absorbs domestic liquidity and drives subscription multiples across upcoming mid-cap listings.
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