Swiggy’s IPO draws strong interest but set for muted market debut

MUMBAI: The initial public offering (IPO) of Swiggy Limited saw significant demand, with the issue subscribed 3.59 times by the end of its three-day bidding period on Friday.

The Rs 11,327.4 crore issue received 57.53 crore subscriptions, against the 16.01 crore shares on offer, according to exchange data.

As with other major IPOs, interest was led by qualified institutional buyers (QIBs), who oversubscribed their portion by 6.02 times.