Swiggy's Shares Jump in Trading Debut After $1.4 Billion IPO (Reuters) - Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering ...

Swiggy Ltd.’s shares are set to start trading in Mumbai on Wednesday, marking a test for investor interest in India’s burgeoning quick-commerce sector.

Swiggy operates in India's rapidly growing online food delivery and quick commerce sectors, which have seen significant expansion.

Swiggy stock is all set for market debut today. The IPO was oversubscribed by 3.59 times. The ₹11,300-crore IPO comprised fresh capital raise of ₹4,499 crore and an offer for sale (OFS) of 17.51 shares worth ₹6,

Swiggy sold its shares in the price band of Rs 371-390 apiece, which could apply for a minimum of 38 shares and its multiples thereafter to raise a total of Rs 11,327.43 crore.

Shares of Indian food and grocery delivery firm Swiggy debuted 7.7 per cent higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week.

Food delivery platform Swiggy is set to be listed on stock exchanges on Wednesday. The shares settled at Rs 412 apiece in pre-open trade, which is 7.69 per cent gain. CNN name, logo and all associated elements ® and © 2024 Cable News Network LP,

Swiggy Ltd had set a price band of Rs 371-390 per share for its Rs 11,300 crore initial public offering. The offer consisted of a fresh issue of Rs 4,499 crore and an offer-for-sale of Rs 6,825 crore.

Swiggy shares will make their market debut on the stock exchanges after having seen an overall subscription of 3.59 times.

Following its high-profile IPO last week, food delivery company Swiggy is set to debut on the stock exchanges today. In the grey market ahead of the listing, the company shares are trading at a grey market premium (GMP) of Rs 1,