Shiprocket IPO subscribed 99X; QIBs lead with 123X bids

•Shiprocket's Rs 1,617 crore IPO was subscribed 99 times on the final day of bidding.

•Qualified institutional buyers (QIBs) led the demand, subscribing 123 times to their reserved portion.

•The company plans to use fresh issue proceeds for growth initiatives, marketing, and technology infrastructure.

•Shiprocket's shares are scheduled to list on BSE and NSE on August 19.