Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
Swiggy Share Price IPO Listing 2024 Highlights: Swiggy makes positive debut, closes 10.5% higher
Swiggy Share Price, IPO Listing, Swiggy IPO Subscription Status Highlights: The company raised Rs 945.40 crore from anchor investors by selling 315.13 million shares.
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Swiggy’s IPO saw strong demand, with retail subscription at 1.14 times and institutional at six times. The stock rose 17% after listing at an 8% premium Swiggy’s Rs 11,327 cr IPO includes Rs 6,828 cr equity sale and Rs 4,499 cr fresh issue. Funds go to dark stores (26%), promotion, tech, and expenses
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Swiggy is scheduled to launch its shares on the stock market on November 13, 2024, having achieved a subscription rate of 3.59 times, indicating a reasonable level of interest from investors. The firm is active in India's swiftly expanding online food delivery and quick commerce industries, which have experienced substantial growth.
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Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.
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Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to a India.
Swiggy Share Price Highlights: Swiggy Shares Close Nearly 6% Lower After IPO - Should You Buy?
Swiggy, India’s leading on-demand delivery platform, recently made headlines with its highly anticipated Initial Public Offering (IPO) debut. The IPO, valued at
Prosus Gains $2 Billion on Swiggy Investment with IPO Value
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant.
Swiggy sees 15% surge in IPO debut
Swiggy experiences a remarkable 15% increase on its IPO debut, marking an impressive entry into the stock market.
Swiggy ends listing day with 17% gain over IPO issue price. What this reveals
Food delivery giant Swiggy debuted on the stock market with a modest 8% premium, reaching a market capitalization exceeding ₹1 lakh crore. Despite a lukewarm response from non-institutional investors,
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Swiggy delivers 15% jump in India debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares jumped nearly 15% in their trading debut in India on Wednesday, signalling growing investor ...