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Sriharsha Majety, made a rare public appearance this morning for the company’s stock market debut. Swiggy IPO Live: Swiggy's stock opens with a 15% premium, even as overall markets fall.
The food delivery company started trading on the NSE at Rs 420, up 7.69% from its IPO price of Rs 390. On the BSE, shares opened at Rs 412, a 5.64% increase over the IPO price.
Know more about the Upcoming Ipos.
Swiggy IPO Details
| Swiggy IPO Date | November 6, 2024 to November 8, 2024 |
| Swiggy Listing Date | November 13, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹371 to ₹390 per share |
| Swiggy Lot Size | 38 Shares |
| Total Issue Size | 290,446,837 shares (aggregating up to ₹11,327.43 Cr) |
| Fresh Issue | 115,358,974 shares (aggregating up to ₹4,499.00 Cr) |
| Offer for Sale | 175,087,863 shares of ₹1 (aggregating up to ₹6,828.43 Cr) |
| Discount for Employee | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,123,066,748 |
| Share holding post issue | 2,238,425,722 |
"Swiggy’s shares jumped 2.5% on debut after its $1.4B IPO, listing at 420 rupees. But analysts warn of profitability issues ahead, setting a target price 17% lower than the IPO. Despite strong demand, Swiggy faces challenges as it competes in India’s food delivery market." @Wall Street News @wlst_news
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Nov 13, 2024 14:04 ISTSwiggy’s Top Leadership IPO Benefits
Swiggy’s leadership team stands to gain significantly from the IPO. CFO Rahul Bothra and CTO Madhusudhan Rao each hold ESOPs valued at Rs 81.73 crore, with similar holdings for Chief Human Resources Officer Girish Menon, co-founder and Chief Growth Officer Phani Kishan, and co-founder and Head of Innovation Nandan Reddy. Former Chief Growth and Marketing Officer Ashwath Swaminathan, who recently resigned, holds ESOPs worth Rs 54.48 crore, according to the report.
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Nov 13, 2024 13:59 ISTSwiggy IPO listing Live Updates
“Swiggy debuted at Rs 420, marking a listing gain of 7.6%, which outpaced its grey market premium (GMP) estimate of just 0.26%. Retail investors showed modest interest, subscribing only 1.14 times, indicating low confidence. Current market conditions have kept many investors on the sidelines, especially as numerous high-quality companies remain 15-20% below their all-time highs,” said Gaurav Garg, Research Analyst at Lemonn
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Nov 13, 2024 13:24 ISTTrending tweets on Swiggy IPO
You and I... In this beautiful world ❤️ @Swiggy pic.twitter.com/sAFzd8z07E
— zomato (@zomato) November 13, 2024 -
Nov 13, 2024 12:58 ISTCongrats to Swiggy on the IPO Listing - Nithin Kamath
"Congrats to @Swiggy on the listing.I had tweeted this in 2019 when we had very few aspirational brands worth investing in. But since then, it's crazy how much the Indian markets have changed in terms of the companies, the investor base, etc.I hope we see more homegrown brands IPO in the coming years." @Nithin0dha
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Nov 13, 2024 12:52 ISTSwiggy’s Market Cap
"Swiggy’s Market Cap is Now ₹89,605 Crore. For Comparison, Zomato is Currently Trading at ₹262 with Market Cap of ₹2.28 Lakh Crore. Would Be Very Interesting Given Both are Public" @Ravisutanjani
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Nov 13, 2024 12:49 ISTShare Market India after Swiggy IPO
When entire market is bleeding 🩸, #Swiggy continued to be positive @balakoteswar
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Nov 13, 2024 12:47 ISTSwiggy Market Capitalisation
"#Swiggy hits Rs 1 lakh crore of market capitalisation on debut!" @deepsekharc
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Nov 13, 2024 12:43 ISTSwiggy Stock
"Swiggy Stock Surges 7.7% Above Issue Price on NSE Debut, Market Cap Hits ₹89,549 Crore" @thevocalnews
