India's Shiprocket rises after Goldman Sachs buys stake in block deal
20/08/2026 05:31
BUZZ-India's Shiprocket rises after Goldman Sachs buys stake in block deal ** Shares of Shiprocket SIPO.NS rise 6.52% to 152.31 rupees
** Goldman Sachs India Equity Portfolio bought 4.02 million shares - a 0.55% stake - worth 527.1 million rupees in a block deal on Wednesday - exchange data
** Shares acquired at average price of 131 rupees apiece, below Wednesday's closing price of 143.45 rupees
** SIPO, a logistics technology firm, debuted on exchanges on Wednesday, with its IPO subscribed 99.4 times
** Stock has gained 57% from IPO price of 97 rupees
** IPO was among India's largest tech listings this year and came at a time of revival in primary market activity
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Shiprocket
See all newsIndia's Shiprocket slips; Axis Capital flags competition risks in coverage initiation
JM Financial starts India's Shiprocket with "Buy" on scalable asset-light model tailwind
BofA starts India's Shiprocket at 'neutral', says valuation fairly prices growth
India's Shiprocket rises on narrower first-quarter loss
India's Shiprocket posts narrower loss in April-June (updated)