Swiggy's $1.4 billion Indian IPO 12% subscribed on its first day
Food and grocery delivery firm Swiggy's $1.4 billion IPO was 12% subscribed after its first day of bidding, with retail investors placing orders for more than half the shares reserved for them in India's second-largest IPO of 2024.
Swiggy IPO subscribed 0.12 times on Day 1
Up to 75 per cent of issue is reserved for qualified institutional bidders, 15 per cent for non-institutional investors (HNIs) and 10 per cent for retail investors. The company has also reserved 750,000 shares for employees, which will get a discount of ₹25 from the issue price.
Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth
Swiggy, one of India's largest food delivery and quick-commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, Swiggy, once the top food delivery and quick commerce startup in India,
Swiggy $1.4 billion IPO opens for orders as Indian stocks lose some of their appeal
Indian food and grocery delivery firm Swiggy is expected to see just modest demand from retail investors for its $1.4 billion IPO even after cutting its hoped-for valuation twice, with momentum for domestic stocks having cooled considerably.
Swiggy IPO gets subscribed 12% on Day 1
Swiggy’s initial public offering (IPO) experienced a slow uptake on the first day with subscription levels at just 12% overall. It received 1,89,80,620 share applications against 16,01,09,703 shares offered on November 6,
Swiggy IPO: Should you subscribe or buy Zomato stock?
As the initial public offering (IPO) of Swiggy opens for public subscription on Wednesday (November 6), investors are weighing their options: should they subscribe to the issue or invest in the Zomato stock?
Fidelity, Norges among buyers of Swiggy shares in India IPO
Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India's second-largest stock offering this year.
Swiggy IPO Live Updates: Day 1 subscription stands at 12%, retail portion booked 54%; check latest GMP, other details
The Bengaluru-based firm's initial public offer opened for subscription in a price range of ₹371 to ₹390. This offering takes ...
Swiggy IPO Day 2 Live: Swiggy IPO subscribed 12% on Day 1. Should you subscribe?
Swiggy’s initial public offering opened to public today.The IPO has been subscribed 0.12 times so far. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and ...
Swiggy's $1.3 Billion IPO May Face Lukewarm Retail Interest
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
Swiggy IPO Live Updates: Day 1 subscription stands at 11% so far; retail portion booked 50%
The Bengaluru-based firm's initial public offer opened for subscription in a price range of ₹371 to ₹390. This offering takes ...
Swiggy IPO nets $606 million from institutional investors
Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public ...
Impacts21h
Swiggy’s IPO: An Opportunity to Invest in the Future of On-Demand Services
Introduction to Swiggy and Its Evolution Since its founding in 2014, Swiggy has redefined India’s on-demand delivery landscape. Originally centered on food delivery, Swiggy has broadened its services ...
Swiggy IPO Sees Muted Response On First Day, Gets Bids For 1.8 Crore Shares
Online food delivery platform Swiggy saw a muted response to its Rs 11,327 crore IPO on the first day of bidding on ...
Lenskart FY24 financials; Swiggy IPO opens
Eyewear retailer Lenskart showed improved operational performance and reduced losses in fiscal year 2024. This and more in ...