How Swiggy listing turns its hundreds of employees into crorepatis overnight

Shares of food delivery giant Swiggy, which debuted on the stock market on Wednesday following a successful IPO (Initial Public Offering), began trading at a 7.7 percent premium over the offer price of Rs 390 per share on their first day. The stock listed at Rs 420 per share on the National Stock Exchange.

The company’s employee stock options (ESOPs), among the most valuable in India’s startup ecosystem, are set to make eligible employees millionaires overnight.