Shiprocket's ₹1,617-cr IPO fully subscribed on 2nd day of bidding

Shiprocket's ₹1,617-crore initial public offering was fully subscribed on Thursday, the second day of bidding. The IPO received bids for 17.63 crore equity shares against 9.44 crore shares on offer. Retail investors led the subscription activity, with the portion reserved for them subscribed 6.24 times. In the grey market, Shiprocket shares are currently commanding a premium of around 35%.