Shiprocket IPO Lists Today With Expected 38% Gain
· Business · LiveMint, Economic Times
Shiprocket Limited is set to list on the BSE and NSE today, 19 August, at 10:00 IST. The company's shares are expected to trade at approximately ₹134 apiece, representing a 38.14% premium over the IPO price of ₹97. The firm, a commerce-enablement platform, has seen its revenue grow at a 40% CAGR between FY24 and FY26 while narrowing operating losses. Shares will be permitted for trading within the 'B' Group of Securities on the BSE. The company commands a post-issue market capitalisation of roughly ₹7,058 crore.
Why it matters
The listing provides retail and institutional investors their first opportunity to trade shares of the logistics-focused startup, which is currently scaling newer segments like cross-border shipping and checkout technology.
Read the original report — LiveMint
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