Swiggy Share Price IPO Listing 2024 lists at 7.7% premium

The company raised Rs 945.40 crore from anchor investors by selling 315.13 million shares

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The food-delivery company’s IPO was opened on November 06 and got subscribed 3.59 times while the retail section was booked 1.14 times

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The issue was primarily driven by QIBs, subscribing to the issue 6.02 times. The grey market premium indicated a muted listing for the stock

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The IPO closed on November 08. It had an employee reservation of 750,00 shares, which were offered to the employees at a discount of Rs 25 to the issue price.

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Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, J.P. Morgan India, BofA Securities India, and ICICI Securities were the lead book-runners of the issue.

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Long-term investors should await an opportune time to accumulate Swiggy shares. The company’s December quarter performance will be crucial in backing the issue with tangible numbers

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Swiggy hits the bourses on a positive note. The company’s shares were listed at Rs 420 on NSE, a premium of 7.7%

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