Shiprocket shares list at 35% premium on NSE: Here's how much investors made per lot
Shiprocket shares debuted on the NSE at a 35% premium, significantly benefiting investors who participated in the IPO. The company plans to use the proceeds for marketing, technology infrastructure, and debt reduction.
Why it matters
The strong market performance of this e-commerce enablement platform reflects investor confidence in the digital logistics sector in India.
The ₹1,617.48 crore Shiprocket IPO consisted of new equity shares valued at ₹885.50 crore and an offer for sale (OFS) of ₹731.98 crore. Shares of e-commerce enablement platform Shiprocket Ltd made a robust debut on the stock exchanges on Wednesday, August 19.
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The stock started trading at ₹131 apiece on the National Stock Exchange (NSE), reflecting a premium of 35.05% over the IPO issue price of ₹97 per share.
On the BSE, it is listed at ₹129.50 per share, up 33.51% from the issue price.
Shiprocket share price: Here's how much investors made per lot
A lot consisted of 154 shares and cost ₹14,938. Investors who received the Shiprocket IPO allotment made ₹20,174 per lot, taking the value of their investment to ₹5,236, as per the listing price on the NSE.
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