Swiggy IPO share price listing; list at 8% premium over issue price, beating GMP estimates
Swiggy shares made a decent debut on the stock exchanges, beating grey market estimates as they began trading on the NSE with a 7.69% premium above their IPO price of Rs 390, opening at Rs 420. On the BSE, the stock debuted at Rs 412, marking a 5.64% premium.
The initial public offering (IPO) of Swiggy saw decent interest from investors with the allotment for the public issue being completed on Monday.
Swiggy IPO was subscribed 3.59 times overall by November 8. The retail category saw a subscription rate of 1.14 times, indicating moderate demand from individual investors. However, the qualified institutional buyer (QIB) segment drew stronger interest, with subscriptions reaching 6.02 times. The non-institutional investor (NII) category…
