Shiprocket share price: E-commerce enablement platform Shiprocket Ltd made a strong debut on the stock exchanges on Wednesday, August 19, with its shares listing at a significant premium over the IPO issue price.
Shiprocket shares opened at ₹131 per share on the NSE, marking a 35.05% premium over the IPO issue price of ₹97 per share. On the BSE, the stock listed at ₹129.50 per share, representing a gain of 33.51% over the issue price.
Shiprocket Share Price: How Much Did Investors Make?
The Shiprocket IPO lot size was 154 shares, with an investment of ₹14,938 at the issue price of ₹97 per share.
At the NSE listing price of ₹131, the value of one lot rose to approximately ₹20,174. This means investors who received a Shiprocket IPO allotment gained around ₹5,236 per lot at the time of listing.
The strong listing comes after the Shiprocket IPO received an overwhelming response from investors.
Shiprocket IPO Subscription Reaches 99.38 Times
The ₹1,617.48 crore Shiprocket IPO was subscribed 99.38 times, according to NSE data. The issue comprised fresh equity shares worth ₹885.50 crore and an offer for sale (OFS) worth ₹731.98 crore.
The qualified institutional buyers (QIB) category received the strongest response, with subscription reaching 122.80 times. The non-institutional investor (NII) portion was subscribed 88.99 times, while the retail investor category was subscribed 46.42 times.
Overall, investors placed bids for 9,38,52,82,214 equity shares against the 9,44,36,030 shares offered in the IPO.
Shiprocket IPO: Where Will the Money Be Used?
Shiprocket plans to use the proceeds from the IPO for several business and growth initiatives. The company intends to invest in marketing activities and technology infrastructure while also using funds to reduce debt.
Part of the proceeds may also be used for potential acquisitions and general corporate purposes, supporting the company’s long-term expansion strategy.
Shiprocket Raises ₹727 Crore From Anchor Investors
Ahead of the IPO, Shiprocket raised approximately ₹727.41 crore from anchor investors. The anchor book included several major institutional names, including Nomura, Goldman Sachs, Ashoka WhiteOak, Societe Generale, SBI Mutual Fund, Nippon Life India, Kotak Mahindra AMC, HDFC AMC, UTI AMC, Mirae Asset, PGIM India, Bandhan Mutual Fund, Edelweiss, Tata AIA Life, Edelweiss Life and Axis Max Life, among others.
The strong participation from institutional investors added to the positive sentiment surrounding the Shiprocket IPO ahead of its stock market debut.
What Does Shiprocket Do?
Shiprocket is a merchant-first, API-led technology platform focused on simplifying e-commerce transactions for MSMEs and large retailers.
The company helps merchants manage and facilitate online sales to consumers through their own websites, applications and social media channels. Its technology-driven approach is designed to simplify various aspects of e-commerce for businesses.
Based in Gurugram, Shiprocket has positioned itself as a technology platform serving India’s growing digital commerce ecosystem.
Shiprocket Shares Make Strong Stock Market Debut
The strong listing of Shiprocket shares reflects the high investor interest generated by the company’s IPO. With the stock opening at ₹131 on the NSE against an issue price of ₹97, IPO investors saw an immediate listing gain of more than 35%.
For retail investors who received one IPO lot of 154 shares, the listing price translated into a gain of approximately ₹5,236 per lot.
