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Swiggy's stock is listed on the NSE at a 7.6% premium.

Swiggy Stocks Today, November 13, 2024, Swiggy IPO Listing Live: The stock of Swiggy is prepared for its market debut today. 

Swiggy's stock is listed on the NSE at a 7.6% premium.
The initial public offering was 3.59 times oversubscribed. The ₹11,300-crore IPO included an offer for sale (OFS) of 17.51 shares valued at ₹6,828 crore and a fresh capital increase of 4,499 crore. The pricing range for Swiggy's IPO was 371-390 per share.

Swiggy, a large grocery and meal delivery company, will list its shares on the stock exchange today. At the upper end of the pricing range of 371-390, the company has set the IPO price at Rs 370. 

Thanks to QIB investors, the issue, which had a tough opening two days, breezed through with a 3.60-fold oversubscription. Market participants anticipate a subdued listing from Swiggy, given the failure of major IPOs like LIC and Hyundai India. 

The general investor component was subscribed 1.14 times, while the qualified institutional buyers (QIBs) portion was booked 6.02 times, the largest number. There were 1.65 subscriptions to the staff book. However, the portion set aside for wealthy individual investors (NIIs) was undersubscribed at a rate of 0.41 times, indicating that they are still not very interested in the offer.

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