Swiggy Share Price Live Updates: Swiggy's share price made a good start on the exchanges today (Wednesday, November 13). On the NSE, it opened at ₹420 per share, 7.69% higher than the issue price of ₹390. On the BSE, it opened at ₹412 apiece, up 5.64% higher than the issue price. According to market analysts, this performance is better than expected, considering the moderate subscription rate of 3.59 times and the initial lackluster investor response shown by the low grey market premium. Swiggy IPO allotment was finished on Monday, November 11, and shares were credited to the demat accounts of those who were allotted shares on Tuesday, November 12.Due to concerns about slowing earnings growth, there was little interest in Swiggy's deal at first, but the demand from institutions on the final day of bidding, which was Friday, November 8, drove it to a strong conclusion. According to BSE data, Swiggy's IPO saw strong support from both qualified institutional buyers and retail investors, with the subscription rate reaching 3.59 times on the last day of bidding, which was Friday, November 8. Analysts noted that because of the low subscription interest from NIIs and retail investors, as well as the state of the market, there is a high chance of a flat to negative listing, estimated to be between + or -10% from its issue price. Swiggy Limited was founded in 2014 and provides its users with an easy-to-use platform that can be accessed through a single application.
browse, choose, order, and pay for groceries, household goods, and meals (Food Delivery and Instamart). A network of on-demand delivery partners will bring the products to their homes.