Swiggy IPO: A compelling bet on hyperlocal commerce? Analysts weigh in

Quick Summary:

As of June 30, 2024, Swiggy reached 112.73 million users, demonstrating robust growth supported by a unified app experience that simplifies diverse service offerings.

According to Shinde, Swiggy’s continuous expansion in hyperlocal commerce, evident through its increased dark store footprint and faster delivery times, reinforces its leadership in convenience and service quality.

Subsequently, the basis of allotment of Swiggy IPO shares is likely to be finalised on November 11, 2024, with shares expected to be credited to investors’ demat accounts by November 12, 2024.

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Category: BusinessFinance

Markets: India

Topics: Swiggy ipo allotment status Swiggy ipo allotment date Swiggy ipo good or bad Swiggy ipo details Swiggy ipo gmp Swiggy ipo review Swiggy ipo grey market premium Swiggy ipo date Swiggy Ipo news Swiggy ipo subscription status Swiggy ipo apply or not Swiggy ipo open today Swiggy ipo listing date Swiggy ipo gmp today

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Article Type: News Report

Published On: 2024-11-06 @ 08:21:42 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 992 words

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Copyright Owner: © Business Standard

News ID: 23440456

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