Weak upside hopes weigh on Swiggy IPO

Dwindling grey market premium for Swiggy shares indicates a tepid listing for the food delivery platform, which is set to receive bids for its initial public offer from November 6 to November 8.

Latest data from IPO Watch shows its GMP at ₹25 per share, a premium of up to 6.41 per cent to its price band, against GMP of ₹130 per share on October 29.