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.

(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.

Swiggy Stocks Today, Swiggy IPO Listing Highlights 13 Nov 2024: 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,

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

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 IPO Listing GMP Share Price Latest News Today (November 13): Swiggy will be making its stock market debut on Bombay Stock Exchange and National Stock Exchange today. The upcoming IPO is one of the largest public offers in recent years. Check Swiggy IPO Share Price live updates here

The issue, which opened on November 6, was subscribed 3.6 times the shares on offer driven by institutional investors on the third and final day.

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.

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