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 concerns.
Swiggy Share Price IPO Listing 2024 Highlights: Swiggy makes positive debut, closes 10.5% higher
Swiggy Share Price, IPO Listing, Swiggy IPO Subscription Status Highlights: The company raised Rs 945.40 crore from anchor investors by selling 315.13 million shares.
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
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.
Swiggy delivers 17% surge in debut as investors bet on Indian quick commerce
By Hritam Mukherjee and Chris Thomas BENGALURU (Reuters) -SoftBank-backed Swiggy's shares ended nearly 17% higher in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
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.
India's Swiggy sees shares jump about 8% on debut after country's second-largest IPO this year
The IPO comprised of both a offer for sale of shares worth 68.28 billion rupees and a fresh issue of shares of 44.99 billion rupees.
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.
Swiggy’s India IPO Defies Weak Market With Listing Gain
Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.
Swiggy CEO says he came up with idea of company for college project, forgot about it later
Sriharsha Majety first conceived the idea of Swiggy during a project at the Indian Institute of Management (IIM) Calcutta. At ...
Shy Swiggy CEO Sriharsha Majety makes a rare appearance on IPO listing, says the app was actually a forgotten college idea
Swiggy, the food delivery giant, debuted on the stock market. CEO Sriharsha Majety, usually media-shy, marked the occasion ...
Swiggy shares at Rs 470 or Rs 325? What's next for the stock as mcap hits Rs 1L cr mark
Shares of Swiggy Ltd pulled off a surprise at its Dalal Street debut on Wednesday as the stock listed at a mild premium at ...
This Bengaluru restaurant from Koramangala packed Swiggy's first ever food order in 2014
Though Swiggy is now partnered with close to 3,00,000 restaurants across the country, its humble beginnings were with ...
Swiggy enters Rs 1 trn market-cap club on debut; up 15% over issue price
At 11:15 am on Wednesday; Swiggy's market cap stood at Rs 100,148 crore (Rs 1.0 trillion), the NSE data shows.
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Beyond food: Swiggy planning marketplace for astrologers, legal advisors – A look at its five latest app features
Swiggy’s push for diversification isn’t new; the company has rolled out multiple unique features in recent times.
Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’
The shares of Swiggy Ltd were listed at ₹420 on the NSE, a 7.7% premium over the ₹390 issue price and it opened at ₹412 on ...
What’s cooking at Swiggy, Zomato? New business recipes
The gambit by the two fierce competitors—which have battled each other for over a decade—comes even as they take on the might ...