Shiprocket lists at 35% premium as ₹1,617 crore IPO receives 99.38x subscription

Shiprocket's ₹1,617.48 crore IPO, open August 12–14, was oversubscribed 99.38 times and listed at a 35% premium. The stellar debut validates SaaS for logistics and fulfillment—builders should note that India's D2C scaling is now driving unit economics for vertical SaaS, making this sector a public-market-ready category.

Source: ET Tech ↗