Swiggy, India’s leading on-demand delivery platform, recently made headlines with its highly anticipated Initial Public Offering (IPO) debut. The IPO, valued at

Swiggy Share Price, IPO Listing, Swiggy IPO Subscription Status Highlights: The company raised Rs 945.40 crore from anchor investors by selling 315.13 million shares.

Swiggy is scheduled to launch its shares on the stock market on November 13, 2024, having achieved a subscription rate of 3.59 times, indicating a reasonable level of interest from investors. The firm is active in India's swiftly expanding online food delivery and quick commerce industries, which have experienced substantial growth.

Swiggy stock is all set for market debut today. The IPO was oversubscribed by 3.59 times. The ₹11,300-crore IPO comprised fresh capital raise of ₹4,499 crore and an offer for sale (OFS) of 17.51 shares worth ₹6,

The delivered Swiggy shares accounted for 20.8% of total shares offered in the IPO or 37.8% of the freely available shares available to trade.

Swiggy's IPO debuted with an 8% premium, drawing mixed views from analysts. Macquarie sees downside risk, while JM Financial is bullish on future growth, despite profitability concerns.

Swiggy share price opened on the BSE and NSE at a decent premium. Swiggy share price opened on the BSE at ₹412 apiece whereas on the NSE, it opened at ₹420 per share

With the company's shares opening at Rs 420 on the National Stock Exchange (NSE), marking a solid 7.6% premium over its issue price of Rs 390, the performance has exceeded initial expectations