Swiggy Share Price Live Update: Swiggy IPO listing date is set for today (Wednesday, November 13) at 10:00 IST on the stock exchanges. As per the information available on the BSE website, Swiggy shares will begin trading in a special pre-open session on both the BSE and NSE during today’s trading.
Swiggy IPO allotment was completed on Monday, November 11. Shares were credited to the demat accounts of those who were allotted shares on Tuesday, November 12.
The offering arrives at a moment when international funds have been selling off domestic stocks due to worries about declining earnings growth. Initial interest in Swiggy’s deal was weak, but the demand from institutions on the last day propelled it to a robust conclusion.
Swiggy IPO saw robust backing from both qualified institutional buyers and retail investors, with the subscription rate reaching 3.59 times on the last day of bidding, which was Friday, November 8, according to data from BSE.
Analysts pointed out that due to low subscription interest from NII’s and retail investors, coupled with prevailing market sentiments, there is a strong likelihood of a flat to negative listing, estimated to be within the range of +or – 5-10% compared to its issue price.
Established in 2014, Swiggy Limited offers its users a user-friendly platform accessible through a single application to browse, choose, order, and pay for meals (Food Delivery), groceries, and household items (Instamart), with deliveries made to their homes through a network of on-demand delivery partners.
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Swiggy Share Price Live Update: Here’s what GMP signals ahead of listing
Swiggy IPO GMP today
Swiggy IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹390 with no premium or discount in the grey market according to investorgain.com
Considering the grey market activities from the last 21 sessions, today’s IPO GMP is trending downward and is likely to decrease further. The minimum GMP recorded is ₹0, while the maximum GMP stands at ₹25, as reported by investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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