Shiprocket eyes wider MSME reach as shares debut at 35% premium; 'very long journey ahead,' says MD & CEO Saahil Goel
New Delhi, Aug. 19 -- Newly listed e-commerce enablement and shipping aggregator Shiprocket sees significant room to expand its reach among the country's micro, small and medium enterprises (MSMEs), as per Saahil Goel, MD and CEO of Shiprocket.
Shiprocket's initial public offering (IPO), which was open from August 12-14, was subscribed 99.38 times, while its shares made a strong debut on Wednesday, listing at a 35.05 per cent premium on the NSE.
In an exclusive interview with ANI, Goel highlighted the company's long growth runway, noting that India has more than 6 crore MSMEs. "We barely powered half a percent or less, you know, like 200,000 of them. So, there is a very long journey ahead of us," he said.
Goel said Shiprocket's broader...
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