BS EDIT: Swiggy IPO debuts strong, but competition looms large
Swiggy’s IPO saw strong demand, with retail subscription at 1.14 times and institutional at six times. The stock rose 17% after listing at an 8% premium Swiggy’s Rs 11,327 cr IPO includes Rs 6,828 cr equity sale and Rs 4,499 cr fresh issue. Funds go to dark stores (26%), promotion, tech, and expenses
Swiggy IPO listing date today. Here’s what GMP, experts say on share debut
Swiggy is scheduled to launch its shares on the stock market on November 13, 2024, having achieved a subscription rate of 3.59 times, indicating a reasonable level of interest from investors. The firm is active in India's swiftly expanding online food delivery and quick commerce industries, which have experienced substantial growth.
Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
Swiggy Share Price Highlights: Swiggy Shares Close Nearly 6% Lower After IPO - Should You Buy?
Swiggy, India’s leading on-demand delivery platform, recently made headlines with its highly anticipated Initial Public Offering (IPO) debut. The IPO, valued at
Swiggy Share Price IPO Listing 2024 Highlights: Swiggy makes positive debut, closes 10.5% higher
Swiggy Share Price, IPO Listing, Swiggy IPO Subscription Status Highlights: The company raised Rs 945.40 crore from anchor investors by selling 315.13 million shares.
'IPO delivered': Swiggy honours 'delivery heroes' as it makes stock market debut
Food delivery giant Swiggy celebrated its stock market debut by inviting two delivery partners to ring the opening bell at the NSE. The gesture aimed
Swiggy’s India IPO Defies Weak Market With 17% Listing Gain
Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.
Swiggy’s Shares Jump in India’s Second-Largest IPO This Year
Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.
Swiggy's shares jump 15% in Indian debut, value company at $11.9 billion
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy jumped nearly 15% in their trading debut on Wednesday, bucking weakness in the broader market and a better performance than some analysts had predicted for the loss-making firm after its $1.
SoftBank-Backed Swiggy to Debut in India After Mega $1.3 Billion IPO
Shares to start trading at 10 a.m. India time after $1.3 billion IPO Indian stocks edge lower at open ahead of Swiggy debut Indian IPOs since 2019 that raised more than $1 billion have on average generated a 3.
SoftBank-backed Swiggy's shares soar 15% on India market debut after stellar IPO
The company's IPO, the country's second-largest this year, was reportedly oversubscribed more than three times.
Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO
The 70 staffers are part of a wider group of 5,000 employees who earned a staggering Rs 9,000 crore in total, thanks to ...
India’s Swiggy defies weak market in largest 2024 tech IPO globally
Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's ...
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Swiggy's IPO poised to turn 500 employees into 'crorepatis'
Ahead of the IPO, Swiggy's top executives including co-founders Sriharsha Majety, Nandan Reddy, and Phani Kishan received ...
Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public
Zomato sent a heartfelt tweet to rival Swiggy as the latter debuted on the Bombay and National Stock Exchanges. The post, ...
Swiggy IPO unlocks Rs 9K cr ESOPs for 5,000 employees
The total Employee Stock Option Plan (ESOP) pool is worth Rs9,000 crore, with 5,000 past as well as present employees holding ...