Shiprocket shares debut 35% above IPO price
Shares of e-commerce enablement platform Shiprocket Ltd made a strong market debut on Wednesday, listing around 35 per cent above the IPO issue price of Rs 97.
On the BSE, the stock opened at Rs 129.50, a premium of 33.50 per cent over the issue price.
On the NSE, Shiprocket shares debuted at Rs 131, representing a 35 per cent premium.
Following the listing, the company commanded a market valuation of Rs 9,901.60 crore.
Shiprocket’s initial public offering (IPO) was subscribed 99.38 times on the final day of bidding on Friday.
