Shiprocket shares continued to deliver bumper returns to investors, jumping 10% after listing at a 35% premium to the IPO price on Wednesday. Analysts advised investors who received allotments to book some profits, while fresh investors should wait for dips.

Shares opened at Rs 129.50 apiece on the NSE over the IPO price of Rs 97. Following the strong debut, the stock rallied to Rs 144, taking its gains from the issue price to more than 48%.

The bumper market debut comes after the Rs 1,617.48 crore initial public offering (IPO) received an overwhelming response from investors during its three days of public bidding, being subscribed a whopping 99 times between August 12 and August 14.

Shiprocket had tapped India’s primary market to raise Rs 1,617.48 crore through its IPO which comprised a fresh issue of 9.13 crore equity shares worth Rs 885.60 crore, along with an offer for sale (OFS) of 7.55 crore shares worth Rs 731.98 crore.

Shiprocket listing premium vs GMP

Shiprocket’s bumper market debut came broadly in line with grey-market expectations. Ahead of listing the unlisted shares of the company were trading with a grey market premium (GMP) of 33-36% over the IPO price.

The company plans to deploy the net proceeds toward strengthening its technology platform, expanding operations, and accelerating growth initiatives.

Also read | Delivering Gains! Shiprocket shares list at 35% premium over IPO price

Should you buy, sell or hold Shiprocket shares?

Shivani Nyati, Head of Wealth at Swastika Investmart, highlighted the company’s financials for investors. Over FY24-FY26, Shiprocket recorded a revenue CAGR of 24% and narrowed its adjusted loss from Rs 351 crore in FY24 to Rs 76 crore in FY26. Cash flow from operations turned positive at Rs 52.6 crore as of March 31, 2026.

The analyst advised allotted investors to partially book profits after the listing pop, and hold the rest for the longer term, with a stop loss of Rs 110 apiece.

“Robust listing gains indicates that there is a strong investor appetite post listing and investors are willing to add stock at a premium to the issue price,” said - Sunny Agrawal, Head of Fundamental Research at SBI Securities. He maintains a positive stance on the company, advising a fresh investment with ‘Buy on Dips’ strategy. Those looking for listing pop can book profit in the next two-three days, according to the analyst.

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