Swiggy IPO News

On Swiggy versus Zomato, MOFSL said that a cursory glance through the numbers indicates Zomato now has market leadership across food delivery and quick commerce, the two key battleground areas for the players.

Swiggy Share: Swiggy's shares were listed in the stock market on Wednesday at a price of Rs 420 with a premium of 7.69 per cent.  

Zomato shared a heart warming tweet captioning it as 'You And I In This Beautiful World' --one of the most popular and memorable advertisements of all time by Hutch --cheering Swiggy on its market listing.

Swiggy's market listing catapulted over 500 current and former employees to the "crorepati" club.

The company's market valuation stood at Rs 89,549.08 crore during the early trade.

The stock listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. Later, it surged 7.67 per cent to Rs 419.95.

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd said that a cautious approach needed for the Swiggy IPO. 

Know how to check Swiggy IPO allotment status Via BSE website And Via Linktime.

A day before its initial share-sale opening for public subscription, Swiggy on Tuesday collected Rs 5,085 crore from anchor investors.

The biggest IPO among these will be of food delivery company Swiggy, which is planning to raise more than Rs 11,000 crore through IPO from the stock market.

Swiggy IPO would conclude on November 8 and the bidding for anchor investors will open for a day on November 5.

This development is happening as Swiggy plans to submit a draft red herring prospectus within the next few months in preparation for its $1 billion initial public offering (IPO).