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Shiprocket lists 35% above issue price after ₹1,617 crore IPO draws 102x subscription
Indian e-commerce enablement platform Shiprocket debuted at a 35% premium on NSE after its Rs 1,617 crore IPO was subscribed 102.28 times. Fresh proceeds will fund platform growth, marketing, technology infrastructure, debt repayment and potential acquisitions.
Reported figures
From the report. Source details below
- Rs 129.50 BSE listing price
- Rs 97 issue price per share
- Rs 885.50 crore fresh issue
- Rs 731.98 crore offer-for-sale
- 48.38x retail subscription
- 58.85x employee quota subscription
- Rs 365.60 crore platform investment
- Rs 205.80 crore marketing investment
- Rs 159.80 crore technology investment
- Rs 210 crore debt repayment
Other figures
- Rs 131 NSE listing price
- 34% premium on BSE
- 92.58x NII subscription
- Rs 9 employee discount