Beyond The Shiprocket IPO Takeoff

The company is widening its logistics play to become a one-stop shipping layer for businesses

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Last week, shiprocket made a flying start on the bourses, with its stock opening at ₹131 on the NSE, 35.1% above its ₹97 issue price. On the BSE, it debuted at a premium of 33.51%.

The logistics giant had set a price band of ₹92 to ₹97 per share for the public issue, seeking a valuation of around ₹7,000 Cr at the upper end. However, this was about 30% lower than the nearly ₹10,000 Cr valuation it commanded during its last equity funding round in December 2024.

After listing, its market cap on the BSE stands at ₹10,230 Cr. In the first week of trading, it has traded higher than its listing price, closing at ₹140 on Friday.

With this, Shiprocket has become the third new-age logistics tech startup to go public after Delhivery and Shadowfax.

The IPO market is currently seeing a strong investor appetite, particularly for businesses that offer a combination of growth, technology and a credible path to profitability, according to market analysts. However, the market also remains selective, with investors looking for scale, strong unit economics and a clear path to profitability. Overall, the environment is positive, but companies will........

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