Shiprocket IPO Fully Subscribed on Second Day of Bidding

The Shiprocket IPO reached full subscription on its second day of bidding, reflecting strong investor interest in the logistics-tech firm's public market debut.

The Grey Market Premium (GMP) for the shares currently stands at 35%, indicating significant demand despite concerns over the company's emerging operational losses.

Analysts suggest the valuation remains high, but the company's core e-commerce enablement business continues to attract institutional investors looking for long-term growth.