Swiggy's IPO debut sees strong gains, but competition challenges loom

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The stock listed at a premium of 8 per cent and ended the day’s trade with nearly a 17 per cent gain over the issue price.

The Swiggy initial public offering (IPO) saw a  retail subscription of 1.14 times and qualified institutional buyer segment subscription of around six times.

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Category: BusinessFinance

Markets: India

Topics: Indian market Swiggy ipo Business standard editorial comment Stock market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:36:11 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 6 lines

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Copyright Owner: © Business Standard

News ID: 23573869

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