India, Aug. 19 -- Shares of ecommerce enablement platform Shiprocket made a strong stock market debut on the BSE and the NSE today. The stock listed at Rs.131 on the NSE, marking a premium of 35.05% to the issue price of Rs.97. On the BSE, it debuted at Rs.129.50, a premium of 33.51%.

At its NSE listing price, the company's market capitalisation stood at Rs.9,531 Cr (about $995 Mn).

Shiprocket 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 (about $736 Mn) at the upper end. This was about 30% lower than the nearly Rs.10,000 Cr valuation it commanded during its last equity funding round in December 2024.

The Gurugram-based company's Rs.1,617.5 Cr IPO comprised a fresh issu...