Shiprocket IPO to list tomorrow: How much profit can investors expect?

Shiprocket shares are set to make their stock market debut on Wednesday, August 19, after the company's Rs 1,617.48-crore IPO received a bumper response from investors.The IPO was subscribed 102.28 times by the end of the bidding process on August 14, with the retail portion subscribed 48.38 times, the QIB (ex-anchor) category 125.20 times and the NII category 92.58 times.Ahead of the listing, the latest grey market premium (GMP) is signalling a potential gain of more than 34% for investors.Shiprocket's latest GMP stands at Rs 33.5 per share, as of11:30 AM, according to market data available on August 18. With the IPO's upper price band fixed at Rs 97 per share, the indicative listing price works out to Rs 130.50. This suggests a potential listing gain of around 34.54% over the issue price. However, investors should keep in mind that GMP is an unofficial indicator and does not guarantee the actual listing price. The grey market premium can change before the stock makes its debut.Investors will be able to check their allotment status through the IPO registrar, Kfin Technologies, as well as the stock exchange platforms.GMP TREND FOR SHIPROCKET IPO Shiprocket's GMP remained firmly in positive territory throughout the IPO subscription period, although it saw some fluctuations.The company’s GMP stood at around Rs 34 on the opening day of the issue on August 12, before rising to Rs 36.5 on August 13. It later closed the three-day bidding period at the price of around Rs 34 on August 14.After the IPO closed, the premium briefly slipped to around Rs 32 on August 15 and 16, before recovering to Rs 33.5 on August 17 and remaining at the same level on August 18. This means that Shiprocket’s GMP has stayed well above Rs 30 for most of the IPO period, pointing to a sustained positive sentiment ahead of the listing.HOW MUCH PROFIT COULD INVESTORS MAKE?The Shiprocket IPO had a lot size of 154 shares. At the upper price band of Rs 97, a retail investor had to invest Rs 14,938 for one lot.If the shares list at the GMP-indicated price of Rs 130.50, investors who receive one lot could make a tentative profit of around Rs 5,159.For investors who applied for five lots, the investment would be Rs 74,690 for 770 shares. At an indicative listing price of 130.50, the total notional value would be 1,00,485, translating into a potential profit of 25,795.This is calculated as:Rs 130.50 - Rs 97 = Rs 33.50 gain per shareRs 33.50 x 154 shares = Rs 5,159Rs 5,159 x 5 lots = Rs 25,795If listed at this price, this would translate into a gain of about 34.54% on the initial investment of Rs 14,938.The actual profit, however, will depend on the listing price. If Shiprocket lists below or above the GMP-indicated price, the gain or loss will change accordingly.EXPERTS OPINION ON THE IPOGeojit Investments has given a positive view on the IPO, pointing to Shiprocket's growing merchant base and diversified business. “At the upper price band of Rs 97, Shiprocket is valued at about 3.6x FY26 EV/Sales on a post-issue basis, which is at a discount to the listed peer,” Geojit Investments said.Hence, experts gave a subscription call for investors with a medium to long-term investment horizon. This positive view is subsequently supported by Shiprocket's position in the growing e-commerce logistics market, its expanding technology-led platform and the strong demand seen during the IPO.Investors stay on the lookout as the company's shares are scheduled to list on the NSE and BSE on Wednesday, August 19. However, GMP is an unofficial indicator and the actual listing price, as well as the stock's performance after listing, could differ from current grey-market expectations.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsPublished By: Radhika VermaPublished On: Aug 18, 2026 12:16 IST