E-commerce delivery and logistics platform Shiprocket made a powerful debut on the inventory exchanges on Wednesday, August 19, with its shares itemizing at Rs 131 on the NSE, a 35% premium over its subject worth of Rs 97.
The corporate’s shares have been listed at Rs 131 on the NSE and Rs 130 on the BSE, giving buyers a stable itemizing acquire on the primary day of buying and selling.
Shiprocket had mounted the value band for its IPO at Rs 92-97 per share. The Rs 1,617 crore public subject was open for subscription between August 12 and August 14 and noticed sturdy demand throughout investor classes.
The difficulty included a recent subject of shares together with a suggestion on the market (OFS) by current shareholders. Shiprocket had earlier deliberate a bigger IPO of round Rs 2,342 crore, however later minimize the difficulty measurement to Rs 1,617 crore.
The IPO was subscribed 99 times by the top of the bidding interval. Certified institutional patrons (QIBs) led the demand, subscribing to their reserved portion 123 occasions. The non-institutional investor (NII) quota was subscribed 89 occasions, whereas the retail portion noticed 46 occasions subscription. The worker portion was subscribed 55 occasions.
The sturdy debut comes as Indian startups proceed to check investor urge for food within the public markets. Shiprocket joins a rising listing of new-age corporations tapping the IPO route to boost capital and supply an exit alternative to current buyers.
The Gurugram-based firm supplies delivery, logistics and ecommerce enablement companies to on-line sellers and companies. It’s backed by buyers together with Temasek and Everlasting.
Shiprocket reported a 24% year-on-year enhance in working income to Rs 2,024 crore in FY26. Nevertheless, its internet loss widened 6.8% to Rs 79 crore through the 12 months.
