Shiprocket lists 35% above IPO price after 99.38x subscription
E-commerce logistics platform Shiprocket debuted at Rs 131 on the NSE, versus an IPO price of Rs 97. Its Rs 1,617.48-crore issue was subscribed 99.38 times, with proceeds earmarked for marketing, technology, debt repayment and acquisitions.
What happened
Indian e-commerce logistics platform Shiprocket listed strongly, opening at Rs 131 on NSE, 35.05% above its Rs 97 IPO price. The Rs 1,617.48-crore issue was
Key facts
- NSE listing price: Rs 131 per share
- NSE listing premium: 35.05% over Rs 97 issue price
- BSE listing price: Rs 129.50 per share
- BSE listing premium: 33.5%
- NSE intraday high: Rs 144
- BSE intraday high: Rs 143.90
- IPO size: Rs 1,617.48 crore
- Overall IPO subscription: 99.38 times
- QIB subscription: 122.80 times
- NII subscription: 88.99 times
- Retail subscription: 46.42 times
- IPO price band: Rs 92-97 per share
- Anchor fundraising: Rs 727.41 crore
- Anchor shares allotted: 7.50 crore
- Founded: 2011
Why this matters
With fresh capital earmarked for acquisitions alongside debt reduction and technology investment, Shiprocket now has stronger financial and market currency to pursue consolidation in e-commerce logistics.