Swiggy lists at 17 per cent premium on bourses despite volatile market, experts confounded

Swiggy on Wednesday confounded experts who were predicting a tepid debut and the grey market when its shares settled with a premium of almost 17 per cent against the issue price.

Shares of the food delivery and quick commerce firm listed at ₹412 on the BSE, reflecting a rise of 5.64 per cent from the issue price. Strong buying resulted in the shares surging 19.30 per cent to ₹465.30. It later ended at ₹455.95, a gain of 16.91 per cent.