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Swiggy IPO Listing: Food delivery platform Swiggy has been listed in the stock market on Wednesday, November 13. Its shares have been listed on BSE and NSE. On BSE, the company's shares were listed at Rs 412 with a premium of 5.64 percent (Rs 22) over the final price of the IPO of Rs 390. On NSE, Swiggy's shares were listed at Rs 420, up 30 rupees or 7.69 percent from the IPO price. Swiggy's IPO did not receive a very special response. Overall, this issue was subscribed only 3.59 times.
Stocks drop after strong opening
After a strong opening, Swiggy's stock has fallen. Selling is being seen by investors to make profits. Immediately after listing, at 10 am, its stock fell by Rs 16.65 or 4.04 percent from the listing price (Rs 412) on BSE to Rs 395.35. At this price, the company's market capital is Rs 88,228.40 crore.
How did the listing happen on NSE?
Swiggy's stock was listed at Rs 420 on the NSE, up by Rs 30 or 7.69 percent from its IPO price of Rs 390. However, it later fell by Rs 23.50 or 5.6 percent from the listing price to Rs 396.50 by 10.07 am.
The price band of the shares in its IPO was Rs 371-390, while finally the share price of the company was fixed at Rs 390 in the IPO. 16.01 crore shares were put up for sale in the IPO, while it received applications for 57.53 crore shares.
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