Shiprocket IPO ended its three-day subscription process with a blockbuster response across investor categories. Bidding picked up sharply on the third day, taking the issue to nearly 100 times subscription. The company received bids for 937 crore shares against 9.44 crore shares on offer.
The response was equally upbeat in the unlisted market, with the shares trading at a grey market premium of 38% over the upper issue price of Rs 97. The strong demand points to the possibility of a robust listing.
