Shiprocket Makes Bumper Market Debut, Lists At 35% Premium
Shares of ecommerce enablement platform Shiprocket made a strong stock market debut on the BSE and the NSE today. The…
Ecommerce platform Shiprocket made a strong debut on the Indian stock market today, listing at a 35% premium above its issue price. The company's shares opened at ₹131 on the NSE, up 35.05% from the ₹97 offering price. On the BSE, Shiprocket debuted at ₹129.50, also above the ₹97 per share range. This strong opening has propelled the company's market capitalisation to around ₹9,531 Cr ($995 Mn).
Shiprocket had aimed for a valuation of roughly ₹7,000 Cr ($736 Mn) at the upper end of its price band of ₹92-97 per share. The ₹1,617.5 Cr IPO included a fresh share issue worth ₹885.5 Cr and an offer for sale (OFS) of ₹732 Cr, smaller than initially proposed in the updated draft red herring prospectus. The IPO was snapped up 99.38 times over, with investors bidding for 938.53 Cr shares against the 9.44 Cr shares available.
Leading the demand were qualified institutional investors, who subscribed to their reserved portion 122.8 times. Shiprocket's IPO returned sharply for investors, with early backer 500 Global seeing a gross return of 77.6 times on the shares sold through the OFS, while Lightrock and Moore Strategic Ventures saw a loss. Founded in 2011 by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket provides ecommerce enablement tools for small businesses and D2C merchants, including shipping, analytics, marketing automation, and financing arrangements.
The company's operating revenue grew 24% to ₹2,024.1 Cr in FY26, but its net loss widened to ₹79.2 Cr from ₹74.4 Cr in the previous fiscal.
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