Swiggy stock closes 10% higher on bourses

Quick Summary:

Swiggy’s IPO consisted of a fresh issue of 11.54 crore equity shares and an offer for sale of 17.51 crore equity shares.

Investors and analysts will keenly look at average order value and dark store network expansion for Swiggy, profitability in its food delivery business and monthly transacting users on the platform.

The HNI portion was subscribed 41%, while the retail portion was over subscribed by just 1.14 times.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Information Privacy Shares Delivery Crore Terms Quick Swiggy Food Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:23:19 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 23569766

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 14 hours ago

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