Swiggy $1.4 bn IPO opens for orders as Indian stocks lose some appeal

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On Tuesday, anchor investors including Fidelity and Norway's sovereign wealth fund Norges bought shares worth $605 million.

Most of the retail investors who would subscribe to the issue will do it keeping a medium-to-long-term horizon for returns," Ojha said.

But while India was an outlier in Asia with a string of high-profile offerings this year, Swiggy's IPO comes after a slide in Indian equities in October that is expected to extend into November.

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Category: BusinessFinance

Markets: IndiaNorway

Topics: Presidential election Swiggy Zepto Pre-IPO Q-commerce Asia Online Services (NEC) Banks (NEC) Hritam Mukherjee Institutional investor Zomato Online food ordering Retail investors Companies based in Bangalore Blinkit IPO United States Zomato Initial public offering Mahesh Ojha Hyundai Motor India SWIGGY Initial Public offering Hensex Securities Food delivery Courier Services Norges Food

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Article Type: News Report

Published On: 2024-11-06 @ 12:01:51 (7 hours ago)

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