Shares of Swiggy Limited came under significant pressure on Tuesday, falling 5.46% to ₹302.80, as the mandatory six-month lock-in period for pre-IPO, non-promoter investors expired on May 12, 2025. The stock touched an intraday low of ₹299.50, which also marked a 52-week low.
According to JM Financial, approximately 83% of Swiggy’s shareholding, held by early-stage investors and institutions prior to the IPO, became eligible for trading from today. This raised concerns of a large-scale offloading in the open market, contributing to heightened volatility and selling pressure.
The stock opened at ₹305 and briefly rose to ₹306.55, but selling quickly intensified through the session. The day’s average price settled at ₹303.27, with a volume of over 38.3 lakh shares traded.
Swiggy had debuted on the bourses earlier this year and saw robust initial interest. However, with the lock-in expiry unlocking a large float, the near-term trajectory is expected to remain volatile.
Analysts say that while the fundamentals remain intact, the technical overhang due to fresh supply may weigh on the stock until the excess inventory is absorbed by the market.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Business Upturn and the author do not recommend buying or selling any stock mentioned.
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