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

Shiprocket makes a strong debut on the bourses, listing at a premium of 35% to the issue price at Rs 131 on the NSE. The stock has listed at a 34% premium on the BSE at Rs 129.50. The company had fixed the issue price at Rs 97 per equity share. The IPO was a book-built issue worth Rs 1,617 crore. It comprised two components: a fresh issuance of Rs 885.50 crore and an offer-for-sale of Rs 731.98 crore. Shiprocket IPO: Subscription snapshotThe issue achieved an overall subscription of 102.28 times. The non-institutional investor (NII) segment also saw a sturdy response, being oversubscribed 92.58 times, while the retail applicant portion was oversubscribed 48.38 times. The employee quota, which was offered at a discount of Rs 9 to the issue price, was oversubscribed 58.85 time