Shiprocket soars 48% on debut, erases valuation cut

Shiprocket shares debuted on Wednesday at a notable premium compared to their IPO price. The e-commerce logistics firm experienced a robust closing surge on the Bombay Stock Exchange. This impressive market entry effectively reversed a previous decline in valuation prior to its public listing. Early backer Bertelsmann benefited greatly, witnessing a remarkable increase in their stake. Investors enthusiastically oversubscribed the company's initial public offering.