Swiggy shares had a strong listing on November 13, debuting at a 7.69% premium on the NSE at ₹420 per share, compared to the IPO price of ₹390. The stock also listed on the BSE at ₹412, a 5.6% premium. Soon after the listing, Swiggy’s shares saw a surge of 13.92%, trading at ₹444.30 as of 11:51 am, bringing the company’s market valuation to ₹89,549.08 crore.
The impressive debut came despite initial low expectations in the grey market, where the stock commanded a flat GMP. However, shortly after opening, Swiggy shares experienced volatility, dropping by nearly 5% to ₹400.45 on the NSE before rebounding. This early fluctuation highlights mixed investor sentiment in a volatile market environment.
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