Shiprocket IPO Subscribed 99.38×
· Business · Business Standard
Shiprocket Limited’s initial public offering closed with a 99.38 times subscription. The high subscription indicates strong demand from investors for the logistics and e‑commerce platform. The company listed on the Bombay Stock Exchange and National Stock Exchange. The IPO reflects the continued appetite for tech‑enabled logistics firms in India.
Why it matters
The record subscription demonstrates robust investor confidence in India's logistics sector, potentially providing Shiprocket with capital to accelerate growth and influencing the valuation expectations for similar IPOs.
Read the original report — Business Standard
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