Business · India Bureau
Shiprocket shares surge 35% in debut listing on Indian exchanges
Logistics software company Shiprocket made a strong market debut, with shares commanding a substantial premium on both major exchanges. The listing underscores robust investor appetite for India's logistics technology sector.
LSN India ·
Shiprocket's shares opened at ₹131 on the National Stock Exchange on debut, representing a gain of ₹34 or 35.05 per cent over the initial public offering price of ₹97 per share. On the Bombay Stock Exchange, the stock listed at ₹129, up ₹32 or 33.5 per cent from the IPO price, reflecting consistent investor confidence across both platforms.
The logistics software platform's debut listing marks a significant milestone for the company, which has carved out a niche in India's rapidly expanding e-commerce logistics infrastructure. The strong opening reflects growing institutional and retail investor interest in technology companies serving the country's booming online retail sector.
The listing premium demonstrates sustained market optimism for logistics technology platforms as Indian e-commerce continues its rapid expansion. The performance suggests investors view such software providers as well-positioned to capitalize on the structural growth in digital commerce and supply chain modernization across the country.