Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.

Shares of Swiggy ended debut day up 10.67% at ₹455.95 ($5.4) on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. The closely watched listing makes the company a direct comparable for what analysts have long considered the benchmark Indian internet stock: Zomato.

Food delivery giant Swiggy celebrated its stock market debut by inviting two delivery partners to ring the opening bell at the NSE. The gesture aimed

The IPO was reportedly oversubscribed more than three times ... Macquarie is still optimistic on Swiggy catching up with market leader Zomato on the food delivery segment. It added that while Swiggy is not as profitable as Zomato due to a smaller base ...

Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.

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.

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

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.

Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. Swiggy's $1.4 billion IPO, the second largest in India this year,