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Shiprocket IPO: 500 Global Hits 77.6X Return, Two Investors Exit At Loss
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Shiprocket IPO: 500 Global Hits 77.6X Return, Two Investors Exit At Loss
Ecommerce enabler Shiprocket’s IPO has produced sharply divergent outcomes for its investors, with returns on the shares sold through the OFS component ranging from 0.6X to 77.6X. One of Shiprocket’s earliest backers, 500 Global, offered its entire holding for ₹16.3 Cr through the OFS. At the upper end of the IPO price band of ₹92 to ₹97, this was equivalent to about 16.8 Lakh shares and translated into a gross return multiple of 77.6X over its…
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