Shiprocket shares jump 43% after IPO: Buy, hold or book profits now?

Shiprocket shares extended their strong debut on the stock market on Wednesday, rising further after listing and taking the stock's gains to more than 40% over its IPO price.The shares listed at Rs 130 on the NSE, a 34.02% premium over the IPO price of Rs 97. On the BSE, the stock debuted at Rs 129.50, up 33.51%.The rally continued after the listing. Shiprocket shares were trading at Rs 138.56, up 7% from the previous level, taking the gain over the Rs 97 IPO price to around 42.85%, according to the latest price available.That means investors who received shares in the IPO have already seen substantial gains on their investment. So, what should they do now, buy more, hold or book profits? Shivani Nyati, Head of Wealth at Swastika Investmart, said that IPO allottees can consider booking partial profits while holding the remaining shares for the longer term.SHIPROCKET IPO INVESTORS ALREADY UP 43%Shiprocket's strong market debut came after its IPO received enormous demand from investors. The Rs 1,617.48 crore issue was subscribed 102.28 times overall. The retail portion was subscribed 48.38 times, while the QIB portion, excluding the anchor portion, was subscribed 125.20 times. The NII category was subscribed 92.58 times.The IPO was priced at Rs 97 per share at the upper end of its price band.At the NSE listing price of Rs 130, investors who received one lot of 154 shares were sitting on a notional gain of Rs 5,082. With the stock subsequently rising to Rs 138.56, the gain on one lot would have increased to around Rs 6,395.That represents a gain of about 42.85% over the IPO price.SHOULD INVESTORS BOOK PROFITS?The sharp post-listing rally makes partial profit-booking an option for investors who received Shiprocket shares in the IPO.Nyati has recommended booking some gains while holding the remaining shares for the longer term, rather than exiting the entire position after the strong debut."Booked-gain / partial profit-booking for allottees, hold the rest for the longer-term platform story with stop-loss of 110," Nyati said.The strategy allows IPO investors to lock in a portion of their gains after the stock's sharp rise, while retaining some exposure to Shiprocket's longer-term growth potential.Shiprocket's financial performance has also been improving.Between FY24 and FY26, the company recorded a 24% revenue CAGR, according to Nyati.At the same time, its adjusted loss narrowed sharply from Rs 351 crore in FY24 to Rs 76 crore in FY26.Cash generation has also improved, with cash flow from operations turning positive at Rs 52.6 crore as of March 31, 2026.The combination of revenue growth, narrowing losses and positive operating cash flow provides the basis for the longer-term platform story, according to Nyati.For investors who received Shiprocket shares in the IPO, the expert view is to book partial profits and hold the remaining shares.The stock has already gained more than 40% over the issue price, so investors have an opportunity to lock in some of those gains while maintaining exposure to the company's longer-term growth prospects.Nyati has recommended a stop-loss of Rs 110 for the remaining holding.The stock's performance after listing will now be important. Shiprocket will need to maintain its revenue growth, continue reducing losses and sustain positive operating cash flow to support the longer-term investment case.WHAT ABOUT INVESTORS WHO MISSED THE IPO?For investors who did not receive an allotment, the situation is different.Shiprocket has already moved from its Rs 97 IPO price to Rs 138.56, meaning investors buying at the current level would be entering after a gain of nearly 43% has already been delivered to IPO allottees.The sharp rise means investors may want to avoid chasing the stock simply because it is moving higher. Instead, the company's ability to sustain its financial improvement will become increasingly important.For now, the expert view remains positive on the longer-term platform story, but existing IPO investors should consider partial profit-booking, while fresh investors may want to wait for a more attractive entry point.The post-listing view can be summed up as partial profit-booking and hold.IPO allottees have already made substantial gains, with Shiprocket shares trading around Rs 138.56, up about 42.85% from the Rs 97 issue price. Rather than exiting completely, investors can book some gains and hold the rest for the longer term, with a stop-loss of Rs 110.The longer-term case will depend on whether Shiprocket can build on its 24% revenue CAGR, narrow its losses further and sustain positive cash flow from operations.(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 On: Aug 19, 2026 12:13 IST