Swiggy IPO listing prediction: Analysts raise caution ahead of market debut

Q: How long will it take to read this news story?

The story "Swiggy IPO listing prediction: Analysts raise caution ahead of market debut" has 579 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Swiggy IPO listing prediction: Analysts raise caution ahead of market debut" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 300 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23545963</li><li>URL: https://beamstart.com/news/swiggy-ipo-listing-prediction-analysts-17313929336</li></ul>

Business Standard Logo Business Standard 1w ago

Swiggy IPO listing prediction: Analysts raise caution ahead of market debut - Business Standard

Quick Summary:

Swiggy IPO is a book-built issue of Rs 11,327.43 crore, comprising a fresh issue of 115,358,974 shares and an offer for sale of 175,087,863 shares with a face value of Re 1 apiece, available at a price band of Rs 371-390.

Despite being the second-largest e-commerce and food delivery player, Swiggy saw sluggish overall investor response, said Prashanth Tapse, Senior VP (Research) at Mehta Equities.

Swiggy's public offering received decent participation, oversubscribing by 3.59 times, driven mainly by Qualified Institutional Buyers (QIBs) who subscribed at 6.02 times, followed by retail investors at 1.14 times.