Shiprocket IPO’s latest GMP signals a potential 38.14% listing gain, ahead of Behari Lal Engineering’s implied 28.77% premium, as both IPOs closed for subscription on Aug. 14.
Behari Lal Engineering, which launched its Rs 301.62-crore IPO on Aug. 12, has been oversubscribed 100 times. Similar interest was seen in Shiprocket, which was also subscribed close to 100 times on the final day of bidding on Aug. 14.
Shiprocket and Behari Lal Engineering opened for subscription on Aug. 12.
Here is a detailed look at the latest GMP and key IPO details for each issue.
Shiprocket IPO GMP Today
Shiprocket IPO’s grey market premium was at Rs 37 as of 5:30 p.m. on Aug. 14. The IPO has set its upper price band at Rs 97 a share, taking the implied listing value to Rs 134 when the latest GMP is added. The calculation points to a 38.14% listing upside from the upper issue price.
Shiprocket IPO Latest Subscription Status
The Shiprocket IPO was subscribed nearly 100 times on the final day of bidding on Friday, Aug. 14
Shiprocket IPO Details
The IPO of Shiprocket is a book build issue of Rs 1,617.48 crores. The issue comprises a fresh issue of 9.13 crore shares aggregating to Rs 885.50 crores and an offer for sale of 7.55 crore shares aggregating to Rs 731.98 crores.
The issue price band was set at Rs 92–Rs 97 per share. Each application lot consists of 154 shares, requiring retail investors to bid a minimum amount of Rs 14,938 (based on the upper price band). Axis Capital Ltd. is the book-running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
The allotment for the Shiprocket IPO is expected to be finalised on Aug 17, 2026. Shiprocket IPO will list on NSE and BSE with a tentative listing date fixed as Aug 19, 2026.
Behari Lal Engineering IPO GMP Today
Behari Lal Engineering IPO’s grey market premium stood at Rs 82 as of 5:30 p.m. on Aug. 14. Adding the Rs 82 GMP to the upper price band of Rs 285, it indicates an implied listing price of Rs 367 apiece. This implies a potential listing gain of 28.77% over the upper issue price.
Behari Lal Engineering IPO Latest Subscription Status
The IPO of Behari Lal Engineering was subscribed over 100 times on the final day of bidding on Friday, Aug. 14.
Behari Lal Engineering IPO Details
Behari Lal Engineering IPO is a book-build issue of Rs 301.62 crore. The issue comprises a fresh issue of 0.33 crore shares aggregating to Rs 93 crore and an OFS component of Rs 208.62 crore.
The issue price band was set at Rs 271 to Rs 285 per share. The lot size for an application is 52 shares, requiring an individual investor (retail) a minimum investment of Rs 14,820.
Emkay Global Financial Services Ltd. is the book-running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
The share allotment process is expected to be finalised on Aug. 17, with tentative listing on the BSE and NSE on Aug. 19.
Shiprocket vs Behari Lal Engineering IPO GMP: Which Is Better?
Based purely on grey market activity, Shiprocket currently indicates the higher implied listing gain at 38.14%, compared with 28.77% for Behari Lal Engineering.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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