Shiprocket launches journey to D-St with lot of buzz
Shiprocket, India's leading e-commerce enablement platform, initiated its initial public offering (IPO) on Wednesday, August 12. The three-day bidding window will conclude on August 14, with market analysts giving a 'Subscribe' recommendation to the issue. The IPO, priced between Rs 92–Rs 97 per equity share, has already attracted strong investor interest and a robust grey market premium of 31% over the upper end of the issue price signaling expectations of a positive listing gain.
Shiprocket plans to raise Rs 1,617.59 crore through the public issue, backed by marquee investors such as Temasek and Eternal.
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