Swiggy IPO makes lackluster start: subscription at 7% so far, GMP 3%

Quick Summary:

NSE data revealed that the IPO had garnered bids for merely 1,10,51,578 shares out of 16,01,09,703 on offer, translating to a subscription rate of just 0.

That said, GMP is an unofficial and unregulated market indicator, subject to factors such as market conditions, company fundamentals, and investor enthusiasm.

Swiggy helps make sure the orders are delivered, and it also supports delivery, reservations, payments, and generates leads for its partners.

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Category: BusinessFinance

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 12:37:42 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23443523

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