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.
Swiggy IPO listing date today. Here’s what GMP, experts say on share debut
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.
Swiggy’s India IPO Defies Weak Market With 17% Listing Gain
Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.
BS EDIT: Swiggy IPO debuts strong, but competition looms large
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
India’s Swiggy defies weak market in largest 2024 tech IPO globally
Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. Swiggy's $1.4 billion IPO, the second largest in India this year,
SoftBank-backed Swiggy's shares soar over 9% on India market debut after stellar IPO
The IPO comprised of both a offer for sale of shares worth 68.28 billion rupees and a fresh issue of shares of 44.99 billion rupees.
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.
Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
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 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,
Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO
The 70 staffers are part of a wider group of 5,000 employees who earned a staggering Rs 9,000 crore in total, thanks to ...
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Swiggy's IPO poised to turn 500 employees into 'crorepatis'
Ahead of the IPO, Swiggy's top executives including co-founders Sriharsha Majety, Nandan Reddy, and Phani Kishan received ...
Swiggy's IPO likely to create 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total
Swiggy employees are expected to gain significant wealth. The company's IPO is scheduled to debut on November 13. This event ...
Swiggy IPO: Congrats on the listing, says Zerodha’s Nithin Kamath, hopes to see more homegrown brands going public
Zomato sent a heartfelt tweet to rival Swiggy as the latter debuted on the Bombay and National Stock Exchanges. The post, ...
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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 ...