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 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 subscribed 12% on first day of offer
The initial share sale received bids for 1,89,80,620 shares against 16,01,09,703 shares on offer, according to data available with the NSE
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 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 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.
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Swiggy IPO Live Updates: Issue booked 15% so far, retail portion subscribed 69%; 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 place alongside several recent IPOs.
Swiggy IPO: Choice Equity Broking assigns ‘subscribe for long term’ despite profitability concerns
Analysts view Swiggy’s diverse portfolio, encompassing food delivery, grocery services, and restaurant reservations, as a competitive advantage over rivals like Zomato.
Swiggy IPO: Public Issue Sees Tepid Subscription On Day 2, GMP Flat; Check Allotment & Listing Dates
The much-anticipated Swiggy Ltd IPO opened for bidding on 6th November 2024, with a three-day subscription window scheduled to close on 8th November 2024. The online food delivery giant has set its ...
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 15% so far
Hence we give “SUBCRIBE for LONG TERM” rating to this IPO.” November 06, 2024 14:31 Swiggy IPO: How many restaurant partners, dark stores did food delivery platform add to network in Q1?
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 ...
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 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 ...