India, Aug. 24 -- Last week, Shiprocket made a flying start on the bourses, with its stock opening at Rs.131 on the NSE, 35.1% above its Rs.97 issue price. On the BSE, it debuted at a premium of 33.51%.

The logistics giant had set a price band of Rs.92 to Rs.97 per share for the public issue, seeking a valuation of around Rs.7,000 Cr at the upper end. However, this was about 30% lower than the nearly Rs.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 Rs.10,230 Cr. In the first week of trading, it has traded higher than its listing price, closing at Rs.140 on Friday.

With this, Shiprocket has become the third new-age logistics tech startup to go p...