Shiprocket listed at ₹131 on the NSE Wednesday, 35% above its ₹97 issue price, and rose as much as 48.6% during the session to a valuation of ₹100.1 billion, or roughly $1.05 billion, according to Reuters. The Gurugram company sells logistics, checkout, payments, and cross-border shipping to D2C brands and small merchants, and it partners for delivery rather than running its own trucks or warehouses. Investors bid 99 times the shares on offer in the ₹1,617 crore IPO, with institutions at 122.8 times and retail at 46.4 times, though Shiprocket had already cut the deal down from a planned ₹2,342 crore. Operating revenue grew 24% to ₹2,024 crore in FY26 while the net loss widened 6.8% to ₹79 crore.
