Swiggy IPO listing: The debut of the food and grocery firm’s shares on the stock exchanges?

The shares of food and grocery delivery company Swiggy Ltd will debut on the stock exchanges today. The company’s Rs 11,300-crore initial public offering (IPO) is the second-largest issue in the primary markets this year after Hyundai Motor India Ltd (HMIL)’s Rs 27,870-crore public offer. Swiggy’s IPO opened for subscription on November 6 and closed on November 8. It saw an overall subscription of 3.59 times. Analysts said Swiggy’s shares are likely to get listed flat or at a discount to the offer price. They have also recommended investors, who have not been allotted the shares in the IPO, to have a cautious approach and wait for the share price to settle before buying in the secondary market.