Shiprocket IPO Listing: Shares List At Over 35% Premium On NSE
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Shiprocket shares made a positive stock market debut. They listed at over a 35% premium over the IPO issue price on the NSE. Read more.
Shiprocket shares made a strong start on the stock market. On the Bombay Stock Exchange (BSE), the shares opened at ₹129.50, giving investors a 33.51% gain over the issue price.
On the National Stock Exchange (NSE), the stock was listed at ₹131, up 35.05% from the issue price.
Shiprocket IPO And Subscription Details
The Shiprocket initial public offering (IPO) issue opened on 12 August and closed on 14 August. The ₹1617.48-crore IPO comprised a fresh issue and an offer for sale (OFS) of ₹885.48 crore and ₹732 crore. The company had set the price band at ₹92–₹97 per share.
By the time the bidding closed, the issue had been subscribed 99.38 times overall, underlining the strong demand for the offering.
The retail portion was subscribed 46.42 times. Qualified institutional buyers (QIBs) showed particularly strong interest. They subscribed to their quota 122.80 times. The non-institutional investor (NII) category also saw heavy demand, with its portion subscribed 88.99 times.
About Shiprocket
Shiprocket is a technology-driven e-commerce enablement platform that helps businesses manage different parts of their online and offline commerce operations from one place.
The company offers a range of solutions covering shipping, checkout, payments and fulfilment. It also helps businesses with cross-border commerce and customer experience, giving merchants a broader set of tools to manage their day-to-day e-commerce operations.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
