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Coimbatore
Swiggy Limited lists on Indian stock exchanges, Market cap crosses INR 1 Lakh crore
November 16, 2024
Swiggy Limited listed on Indian stock exchanges on November 13, 2024. The stock listed at Rs. 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. During the day, it surged 19.30 per cent to Rs 465.30. Shares of the firm ended at Rs 455.95, up 16.91 per cent.
The company’s market cap crossed INR 1 lakh crore on the day of the listing of shares on stock exchanges. The IPO had received strong institutional backing with over 6x QIB subscription and very diversified investor interest across domestic and international capital pools. In a market where FPIs have pulled out over US$ 11.2 bn in Oct, the Swiggy IPO has alone attracted US$ 1.335 bn of FPI bids.
Swiggy had earlier conducted an investor meet in Coimbatore where Mr. Girish Menon, CHRO, Swiggy Limited; Ms. Krittika Saha, Director, Finance Strategy, Swiggy Limited and Mr. Gaurav Sharma from Avendus Capital Private Limited addressed the meet.
