Shiprocket IPO allotment status check: Following the closure of the three-day subscription for the initial public offering of Shiprocket Ltd, all eyes of the investors are now on the allotment of shares, expected to be finalised today (August 17).
Those who have bid for the Shiprocket IPO can check their allotment status on the IPO registrar’s website, as well as on the official portals of the leading stock exchanges – BSE and NSE. Those investors who get the allotment, shares will be credited to their demat accounts ahead of the much-awaited listing.
The share finalisation of Shiprocket IPO, which ran from August 12 to August 14, will be done today at any time.
The shares of Shiprocket are available at a GMP of Rs 34.5 in the grey market today, according to investorgain. The price band for the Shiprocket IPO was fixed at Rs 92-97 per share.
With the upper price band of Rs 97, Shiprocket IPO’s estimated listing price is Rs 131.5 (cap price + today’s GMP). The expected percentage gain per share is 35.57 per cent.
Shiprocket IPO allotment status check online
Check Shiprocket IPO allotment status on NSE
Step 1: Visit the NSE IPO bid verification link.
Step 3: Choose Shiprocket from the available options.
Step 4: Enter your PAN and application number, then click Submit to view the allotment status.
Check Shiprocket IPO allotment status on BSE
Step 1: Visit the BSE IPO allotment link.
Step 2: Select Equity under the issue type.
Step 3: Choose Shiprocket from the dropdown menu.
Step 4: Enter your application number or PAN details.
Step 5: Complete the CAPTCHA and click Search to view the Shiprocket IPO allotment status.
Check Shiprocket IPO allotment status on Kfin Technologies
Step 1: Visit the Kfin Technologies portal.
Step 2: Select Shiprocket IPO from the dropdown menu.
Step 3: Choose the PAN, Application Number, or DP ID option.
Step 4: Enter the required details.
Step 5: Click Submit to check the Shiprocket IPO allotment status.
Shiprocket IPO subscription details
The initial share sale of e-commerce enablement platform Shiprocket Ltd was subscribed 99.38 times on the last day of bidding on Friday.
The Rs 1,617.5-crore IPO attracted bids for 9,38,51,66,560 shares against 9,44,36,030 shares on offer, according to NSE data.
The Qualified Institutional Buyers (QIBs) bid for 122.80 times the shares reserved for them. The non-institutional investors segment was subscribed 88.99 times, while the retail quota was booked 46.42 times.
Shiprocket Ltd on Tuesday raised Rs 727.41 crore from anchor investors.
The issue comprises a fresh issuance of equity shares worth up to Rs 885.50 crore and an offer-for-sale (OFS) of shares aggregating up to Rs 732 crore.
The company plans to use proceeds from the fresh issue to invest in marketing initiatives and strengthen technology infrastructure across its core and emerging businesses. Funds will also be used to repay or prepay certain borrowings, pursue potential acquisitions and meet general corporate purposes.
At the upper end of the price band, the company will have a post-issue market valuation of around Rs 7,058 crore.
Backed by Temasek and Zomato, Shiprocket has evolved from a shipping service provider into a full-stack e-commerce enablement platform serving direct-to-consumer brands and micro, small and medium enterprises.
The company operates across two segments – Core Business and Emerging Business.
Its core business includes domestic shipping and shipping applications, while its emerging businesses comprise cargo and fulfilment, cross-border shipping, advertising and marketing solutions, capital solutions and hyperlocal deliveries.
Shiprocket IPO listing date
Shiprocket shares are proposed to be listed on the BSE and NSE on August 19.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
