Shiprocket Soars Over 9% After Goldman Sachs Buys Shares Worth ₹52.7 Cr
Shares of ecommerce enablement platform Shiprocket rose as much as 9.3% to an intraday high of ₹156.81 on the BSE…
Shiprocket, an ecommerce enablement platform, experienced a 9.3% surge in its stock price to ₹156.81 on the BSE after Goldman Sachs India Equity Portfolio purchased shares worth ₹52.7 Cr. This followed the company's IPO debut at ₹131 per share, a 35.1% premium over the IPO issue price. Goldman Sachs also took part in the anchor allocation, acquiring 36.07 Lakh shares at ₹97 each.
Shiprocket's market capitalization reached ₹11,014.8 Cr at the time. Founded in 2011, the company offers shipping, fulfilment, analytics, marketing automation, and personalization services to small businesses, D2C brands, and retailers. Despite a widening net loss in FY26, its operating revenue grew 24% to ₹2,024.1 Cr.
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