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.
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 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 Offering (IPO) debut. The IPO, valued at
Swiggy shares slump nearly 6% day after market debut
Shares of newly-listed food delivery and quick commerce major Swiggy declined nearly 6 per cent on day two of trading on Thursday. The stock tumbled 5.72 per cent to ₹ 429.85 apiece on the BSE. During the day, it lost 8.18 per cent to ₹ 418.65.
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 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
SoftBank-backed Swiggy's shares soar 15% on India market debut after stellar IPO
The company's IPO, the country's second-largest this year, was reportedly oversubscribed more than three times.
SoftBank-Backed Swiggy to Debut in India After Mega $1.3 Billion IPO
Shares to start trading at 10 a.m. India time after $1.3 billion IPO Indian stocks edge lower at open ahead of Swiggy debut Indian IPOs since 2019 that raised more than $1 billion have on average generated a 3.
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 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 ...
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 ...
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Swiggy share price above 25% from issue price, hits ₹1 lakh crore market cap. Do you own?
Swiggy shares jumped as much as 7.3% intraday to a fresh high of ₹489.25 apiece on the BSE, with its market capitalization ...
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, ...
Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it ...
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, ...
Blinkit, Swiggy, Zepto, Flipkart Minutes captured around 50% Kirana sales in India, may touch Rs 332000 crore business by...
In a remarkable development indicating a major consumer shift towards preferring the convenience of groceries being delivered ...