Swiggy IPO Listing: Zomato Rival Lists at 8% Premium With INR 420 on NSE and INR 412 on BSE; Check Details

Mumbai, November 13: Swiggy IPO share price listing went live today after getting subscribed 3.59 times since its opening. The highly anticipated Swiggy stocks are set to debut today at a set price band of INR 371 to INR 390 per share. The Swiggy IPO total amount is INR 11,300. The initial public offering by the online food delivery company reached halfway during its first day with an 11% subscription. The day 2 subscription showed improvement in participation. After the trepid response, it ended with a 3.59x oversubscription on November 8, 2024.

The INR 11,300 IPO from Swiggy includes the fresh capital of INR 4,499 crore and OFS (offer for sale) of 17.51 shares worth INR 6.828 crore. Swiggy shares have been trading at a grey market premium (GMP) of Rs 1, showing a 0.26% premium over the issue price. Britannia Shares Slump Over 7% As Food Product Company Reports 9.36% Drop in Net Profit in Q2 Earnings.

Swiggy's listing is currently underway at the National Stock Exchange in Mumbai. The Swiggy initial public offer received 57,53,07,992 bids for shares as against 16,01,09,703 shares on offer, leading to oversubscription. The QIBs were subscribed 6.02 times, RIIs 1.14 times, and the NIIs category was subscribed 0.41 times. The Swiggy IPO will help the company employees by putting INR 9,000 crore in their hands, reportedly making them crore-patis. Bosch Net Profit Falls 46% to INR 536 Crore in September 2024 Quarter, Revenue Increase to INR 4,394 Crore.

On the occasion of the listing, Zomato congratulated the rival, saying, "You and I... in this beautiful world." Swiggy shares debuted with a nearly 8% premium and are listed at INR 420 on NSE and INR 412 on BSE today. The IPO price of Swiggy is INR 390, and the higher listing suggests a strong start in the Indian market by one of the biggest food delivery platforms.

(The above story first appeared on LatestLY on Nov 13, 2024 10:26 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).