Shiprocket Shares Jump 35% on Stock Market Debut
Listen to the story
Shiprocket is a company from India. It helps businesses send packages to customers.
Shiprocket had an IPO this week. An IPO is when a company sells shares to the public for the first time.
The shares started trading on the NSE. The NSE is a big stock market in India.
The shares began at a price 35% higher than the IPO price. This is called a premium.
This means people who bought shares in the IPO made money already.
Now, many people ask: should they buy more shares, sell them, or hold them?
Investors check the allotment status to see if they got shares. They can check this on websites like KFinTech, BSE, and NSE.
Experts are giving advice about what to do next with the shares.
Vocabulary7 words
- IPO
- when a company sells shares to people for the first time
- NSE
- a big stock market in India
- premium
- a price that is higher than normal
- allotment status
- information that shows if you got shares you asked for
- shares
- small parts of a company that people can buy
- stock market
- a place where people buy and sell shares
- investors
- people who put money into things like shares to make more money
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Quiz
Answer key
1. A company that helps send packages 2. 35% 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Shiprocket is a company from India. It helps businesses send _____ to customers.
Shiprocket had an _____ this week. An IPO is when a company sells shares to the public for the first time.
The shares started trading on the _____. The NSE is a big stock market in India.
The shares began at a price 35% higher than the IPO price. This is called a _____.
This means people who bought shares in the IPO made _____ already.
Now, many people ask: should they buy more shares, sell them, or _____ them?
Investors check the _____ to see if they got shares.
They can check this on websites like KFinTech, BSE, and _____.
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