Swiggy IPO day 3: Institutional investor portion fully subscribed, overall subscription at 79%

Quick Summary:

Swiggy's $1.4 billion IPO saw its institutional investor portion fully subscribed on the final day, although overall subscription reached 79%.

The IPO, aiming to raise Rs 11,327 crore, was open for public subscription from November 6-8, with shares priced between Rs 371 and Rs 390.

The retail investor portion remained partially unsubscribed.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Swiggy IPO Business news Institutional investor portion Swiggy subscription rate India IPO news Initial public offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 15:43:51 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 725 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23468900

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