Swiggy IPO kicks off on slow note, gets subscribed 12 per cent on first day of share sale

The initial public offer of food delivery and quick-commerce major Swiggy Ltd got subscribed 12 per cent on the first day of the share sale on Wednesday.

The initial share sale received bids for 1.89 crore shares against 16.01 crore shares on offer, according to data available with the NSE.

The quota for retail individual investors (RIIs) received 54 per cent subscription, while the non-institutional investors part got subscribed 6 per cent.