Swiggy's stock surges on debut, lists 7.7% above issue price at Rs 420 on NSE

Quick Summary:

Swiggy, the food and grocery delivery company, experienced a successful stock market debut on Wednesday.Shares opened at a 7.69% increase on the NSE, reaching Rs 420.

The company's IPO, totaling Rs 11,327 crore, was fully subscribed, indicating strong investor confidence.

The company's Rs 11,327-crore public offering achieved full subscription by Friday's closing, with the final subscription rate reaching 3.59 times the initial offering.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Swiggy market capitalization Swiggy stock price Food delivery company BSE listing Swiggy IPO Swiggy stock debut NSE listing Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 13:04:39 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 695 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23567471

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