Shiprocket IPO Opens August 12; GMP Hints 27% Listing Gains

Shiprocket is a company in India that helps small and big shops sell things online.

It takes care of sending packages, handling payments, and other shopping tasks for merchants.

Now Shiprocket wants regular people to buy tiny pieces of its company, called shares.

This is called an IPO, which means 'initial public offering.'

People can buy these shares for a few days starting 12 August.

Each share will cost between 92 and 97 rupees.

Some traders already guess the shares will be worth more later, maybe about 27% more.

The money Shiprocket raises will be used for advertising, better technology, paying off loans, and possibly buying other companies.

After the buying period ends, the shares will start trading on India's big stock exchanges.

This way, anyone can own a small part of the company.