Swiggy Limited listed on Indian stock exchanges recently. The stock listed at Rs. 412, reflecting a jump of 5.64 per cent from the issue price on the BSE.
During the day, it surged 19.30 per cent to Rs 465.30. Shares of the firm ended at Rs 455.95, up 16.91 per cent.
The company’s market cap crossed INR 1 lakh crore on the day of the listing of shares on stock exchanges. The IPO had received strong institutional backing with over 6x QIB subscriptions and very diversified investor interest across domestic and international capital pools.
In a market where FPIs have pulled out over US$ 11.2 bn in Oct, the Swiggy IPO has alone attracted US$ 1.335 bn of FPI bids.
Swiggy had earlier conducted an investor meet in Coimbatore where Girish Menon, CHRO, Swiggy Limited; Krittika Saha, Director, Finance Strategy, Swiggy Limited and Gaurav Sharma from Avendus Capital Private Limited addressed the meet.
