Swiggy IPO Listing: Swiggy debut on stock exchanges; lists at 7.69% premium from offer price
Food delivery platform Swiggy made a strong debut on the stock exchanges today, with shares listing at ₹420 on the National Stock Exchange, marking a 7.69% premium over its issue price of ₹390.
The company’s ₹11,327.43 crore IPO, which was open for subscription from November 6-8, comprised a fresh issue of shares worth ₹4,499 crore and an offer for sale of ₹6,828.43 crore. The issue, offered in a price band of ₹371-390 per share, included fresh issue of 115,358,974 shares and an offer for sale of 175,087,863 shares.
The public issue was offered with a minimum lot size of 38 shares, with employees receiving a discount of ₹25 per share. Post-issue, Swiggy’s shareholding has increased from 2,123,066,748 to 2,238,425,722 shares. The shares are now listed on both BSE and NSE.
