Swiggy made a strong debut on the National Stock Exchange (NSE) today, listing at ₹420 per share, which reflects a 7.69% increase. The listing comes after an oversubscribed IPO that generated considerable interest from investors, further fueling excitement for one of India’s leading food delivery platforms.
Swiggy IPO Details:
Swiggy’s initial public offering (IPO) was a book-built issue, raising ₹11,327.43 crore in total. The offering included a fresh issue of 11.54 crore shares valued at ₹4,499 crore and an offer for sale (OFS) of 17.51 crore shares amounting to ₹6,828.43 crore. The IPO bidding took place from November 6 to November 8, 2024, with allotments finalized on November 11, 2024.
The IPO price band was set between ₹371 and ₹390 per share, with a minimum lot size of 38 shares, requiring a retail investment of ₹14,820. For small non-institutional investors (sNII), the minimum lot size was 14 (532 shares) amounting to ₹207,480, while large non-institutional investors (bNII) had a minimum lot size of 68 (2,584 shares), totaling ₹1,007,760. Swiggy also offered a reservation of up to 750,000 shares for employees at a ₹25 discount to the issue price.
The successful listing of Swiggy reflects strong investor confidence in the company’s growth potential and its position within India’s fast-growing food delivery market. The positive market reaction underscores Swiggy’s promising future as it expands its presence in the public market.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
