BS EDIT: Swiggy IPO debuts strong, but competition looms large
Swiggy’s IPO saw strong demand, with retail subscription at 1.14 times and institutional at six times. The stock rose 17% after listing at an 8% premium Swiggy’s Rs 11,327 cr IPO includes Rs 6,828 cr equity sale and Rs 4,499 cr fresh issue. Funds go to dark stores (26%), promotion, tech, and expenses
Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
Swiggy Shares Tumble Over 5% In Second Trading Session
The stock rallied over 7% in the second trading session to hit an intraday high of INR 489.25 on the BSE. However, it shed all its gains and was trading 3.5% lower at INR 440.20 at 1:07 PM.
Swiggy’s public debut will test India’s appetite for $1B+ IPOs
Swiggy's upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Swiggy's listing will test whether the Indian market is ready for $1 billion-plus IPOs.
Swiggy’s India IPO Defies Weak Market With 17% Listing Gain
Swiggy Ltd.’s shares rallied in Mumbai on Wednesday in one of the best debuts for a large initial public offering this year, driven by strong investor interest in India’s burgeoning quick-commerce space.
'IPO delivered': Swiggy honours 'delivery heroes' as it makes stock market debut
Food delivery giant Swiggy celebrated its stock market debut by inviting two delivery partners to ring the opening bell at the NSE. The gesture aimed
Swiggy’s Shares Jump in India’s Second-Largest IPO This Year
Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.
Swiggy's shares jump 15% in Indian debut, value company at $11.9 billion
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy jumped nearly 15% in their trading debut on Wednesday, bucking weakness in the broader market and a better performance than some analysts had predicted for the loss-making firm after its $1.
Prosus Gains $2 Billion on Swiggy Investment with IPO Value
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant.
India delivery app Swiggy shares gain on market debut
Indian food delivery firm Swiggy rose nearly 17 percent on its market debut Wednesday after raising $1.34 billion in the country's second-biggest IPO this year, as investor optimism offset profit
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Swiggy share price target 2025: Stock down 6% post IPO listing - BUY, SELL or HOLD?
Swiggy IPO had received a positive response from the investors, as the public issue was booked 3.59 times till the final day ...
Swiggy's dollar millionaires: 70 employees to pocket over $1 million each as company delivers IPO
The 70 staffers are part of a wider group of 5,000 employees who earned a staggering Rs 9,000 crore in total, thanks to ...
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Swiggy Share Price Highlights: Swiggy Shares Close Nearly 6% Lower After IPO - Should You Buy?
Swiggy, India’s leading on-demand delivery platform, recently made headlines with its highly anticipated Initial Public ...
India’s Swiggy defies weak market in largest 2024 tech IPO globally
Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's ...
Swiggy shares slump nearly 6 pc day after market debut
The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending ...
Prosus yields profit of over $2 Bn on Swiggy investment, Ervin Tu shares plans to retain 25% of Swiggy
Prosus NV, the investment behemoth behind Tencent Holdings Ltd., has declared a strong return on its investment in Swiggy, ...
Swiggy CEO reveals he came up with idea of company for a college project, then forgot about it
Swiggy CEO Sriharsha Majety said that the company's idea originated during his college days, calling it a miracle to see it ...
Swiggy's stock settles at 456 on debut, up by 16.92% than issue price of 390
Swiggy, the food and grocery delivery company, experienced a successful stock market debut on Wednesday. Shares opened at a 7 ...