New Delhi, Aug. 12 -- The initial public offering (IPO) of e-commerce enablement platform Shiprocket will open for subscription on 12 August and close on 14 August. The Shiprocket IPO price band has been fixed at Rs.92-97 per share.

Shiprocket IPO GMP today is +30. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Shiprocket share was Rs.127 apiece, which is 30.93% higher than the IPO price of Rs.97.

Based on grey market activity over the past seven sessions, the IPO's grey market premium (GMP) has trended upward, signalling expectations of a strong listing. According to market experts, the GMP has ranged between Rs.14 and Rs.30 during this period.

As much as ...