Business News

Shiprocket shares make strong debut: Stock lists at 35% premium over IPO price at Rs 131

FinSiddhi

Shiprocket’s stock debuted with a robust performance, entering the market at a notable premium. The e-commerce logistics platform experienced high interest from investors during its initial public offering, which was nearly 100 times oversubscribed by diverse investor groups. The proceeds from the IPO will be allocated towards enhancing marketing strategies, advancing technology, and addressing debts, as well as exploring potential acquisition opportunities.
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