Swiggy listing in share market: Shares of Swiggy, a leading company providing online food and beverages, were listed in the market on Wednesday with an increase of about 8 percent from its issue price of Rs 390.
The stock was listed at Rs 412 on BSE with a jump of 5.64 per cent. Later it rose 7.67 percent to Rs 419.95. The stock opened at Rs 420 with a gain of 7.69 per cent on NSE. The market valuation of the company stood at Rs 89,549.08 crore in early trade.
However, the listing in the stock market has filled the investors of Swiggy IPOs with enthusiasm. In the period of ongoing decline in the market, the response received by Swiggy has increased people’s expectations from this stock.
Swiggy shared a post from its official X account and said that you and I in this beautiful world. Also, a photo has been shared in which people wearing T-shirts of both Swiggy and Zomato are seen looking towards the stock market.
You and I…In this beautiful world @Swiggy pic.twitter.com/sAFzd8z07E
— zomato (@zomato) November 13, 2024
The initial public offering (IPO) of Swiggy Limited was subscribed 3.59 times till last Friday, the last day of share sale. The Bengaluru-based company had fixed the price range for the IPO at Rs 371-390 per share. The company’s IPO was a combination of fresh shares worth Rs 4,499 crore and an offer for sale (OFS) worth Rs 6,828 crore.
Edited by: Nrapendra Gupta
