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

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Times of India 1w ago

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

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.