Shiprocket soars 48% on debut, erases valuation cut
New Delhi: Shares of ecommerce logistics services provider Shiprocket jumped on their market listing Wednesday, opening at a 35% premium to the initial public issue price of ₹97. The shares ended trading 48% higher at ₹143.50 on the BSE, helping erase the valuation cut Shiprocket undertook ahead of the IPO.
Gurugram-based Shiprocket, which was valued at ₹10,000 crore in the private market when it raised capital in 2024, went public at a valuation of ₹7,056 crore. The closing market capitalisation on Wednesday was ₹10,441 crore.
