India, Aug. 19 -- Shares of Shiprocket Ltd made a strong entry into the stock market on Wednesday, August 19, giving investors who secured an allotment sizeable gains on the listing day. The e-commerce technology company's stock opened at Rs 131 per share on the NSE, representing a 35.05% premium over its IPO price of Rs 97. On the BSE, Shiprocket shares began trading at Rs 129.50, marking a 33.51% premium.

How Much Did Shiprocket IPO Investors Gain?

The IPO lot contained 154 shares, requiring an investment of Rs 14,938 at the issue price. Based on the NSE listing price of Rs 131, the same lot was worth Rs 20,174 at the start of trading. This translates into a listing-day gain of Rs 5,236 per lot for investors who received shares in the...