Shiprocket IPO Fully Subscribed As Primary Market Activity Intensifies

The primary market remains robust as multiple initial public offerings draw strong investor interest across retail and institutional categories. The Shiprocket IPO achieved full subscription by its second day of bidding on August 13. The logistics tech platform's ₹1,617.48 crore public issue, operating within a price band of ₹92 to ₹97 per share, has already secured ₹727.42 crore from anchor investors. Retail interest has been significant, contributing to a 3.34 times subscription in that category. Simultaneously, Behari Lal Engineering has seen strong demand, getting booked 4.38 times by the end of its second day of bidding, following a 2.10 times subscription earlier.

The Grey Market Premium (GMP) for Shiprocket points to a potential listing gain exceeding 35 percent, reflecting bullish investor sentiment toward the logistics startup. This strong performance follows active participation in diverse sectors, with investors closely monitoring grey market trends to gauge potential listing day success. Meanwhile, other upcoming issues like Gaja Capital, scheduled for an August 19 debut, have set their price band between ₹152 and ₹160 per share for a ₹550 crore offering. Investors are also actively managing their portfolios as they await allotment results for Dhoot Transmission and monitoring status updates for Molbio Diagnostics.

The road ahead for these IPOs is packed with key dates. Shiprocket shares are slated for final 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. As the primary market continues to absorb domestic liquidity, retail and institutional participants are expected to maintain high engagement levels, further driving subscription multiples for mid-cap listings throughout the fiscal year.