Shiprocket IPO subscribed 99.31x on strong QIB demand, signals 38% grey market premium

Shiprocket's ₹1,617.59 Cr IPO was oversubscribed 99.31 times, with QIBs subscribing 122.8 times, indicating institutional conviction in supply chain SaaS. Logistics SaaS at scale is no longer a growth-stage bet—expect public markets to reward profitability, not GMV multiples.

Source: ET Tech ↗