Dalal Street welcomes Swiggy; stock lists at 8% premium on NSE

Quick Summary:

Swiggy, which plans to release its Q2 results soon, will be keenly evaluated by investors across its quick commerce metrics, especially in contrast to Zomato's.

Shares of its listed peer Zomato were trading 1.6% lower at RS 256 apiece on the NSE.

The IPO saw muted demand from high net-worth individuals and retail investors, portions for which were subscribed 41% and 1.14 times, respectively.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Trading Privacy Shares Swiggy Stock Process Policy Investors Apiece Premium

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 05:12:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 208 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23565917

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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