Shiprocket

** Shares of India's Shiprocket SIPO.NS rises 2.8% to 138.40 rupees

** Temasek-backed logistics firm posted Q1 consolidated loss of 137.1 million rupees ($1.45 million), narrowing from a loss of 180.3 million rupees a year earlier

** Co's first quarter consolidated revenue rose about 34% year-on-year to 5.92 billion rupees

** This marks firm's first earnings since listing on Aug 19

** Shiprocket was among India's largest tech listings this year and came at a time of revival in primary market activity

** Stock is up 7.06% since debut

($1 = 94.6000 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Sept 7 (Reuters) - Shiprocket Ltd SIPO.NS:

• JUNE-QUARTER CONSOL LOSS 137.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.92 BILLION RUPEES

Further company coverage: SIPO.NS

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Adds details throughout

By Vivek Kumar M

Aug 19 (Reuters) - Temasek-backed Shiprocket SIPO.NS zoomed as much as 48.6% in its debut trade on Wednesday, valuing it at 100.1 billion rupees ($1.05 billion), as investors bet on the logistics services firm's tech-led approach to capitalise on India's rapidly growing e-commerce ecosystem.

Its shares traded at 142 rupees, compared with the issue price of 97 rupees apiece.

India's online retail gross merchandise value is expected to grow at a compounded annual rate of 20%-25% between 2025 and 2030, driven by increasing internet penetration, rising digital payments adoption and growing demand from consumers in smaller cities and towns, as per analysts.

Shiprocket, which competes with Delhivery DELH.NS and Blue Dart Express BLDT.NS, operates an integrated logistics platform that helps manage shipping, fulfillment, payments and other online commerce operations.

"Its asset-light, technology-driven model supports scalability and efficiency, while debt reduction from IPO proceeds is expected to improve profitability," Geojit Financial Services said in a note last week.

Shiprocket's IPO is among India's largest technology listings this year and comes on the back of a pick-up in primary market activity following this year's muted first half. It is also the third Temasek-backed company to go public in August, after Manipal Health Enterprises MNIA.NS and Milky Mist Dairy Food MILY.NS.

Shiprocket plans to use the IPO proceeds for investments in technology and product development, strategic acquisitions, expanding its fulfillment and logistics network, and general corporate purposes.

The IPO was subscribed 99.4 times, with retail investors bidding 46.4 times the number of shares set aside and institutional investors bidding 122.8 times their portion.

($1 = 95.7500 Indian rupees)

(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Janane Venkatraman)

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