Swiggy shares surge nearly 8 pc in market debut

Shares of food delivery and quick-commerce major Swiggy listed with a premium of nearly 8 per cent against the issue price of Rs 390 on Wednesday.

The stock listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. Later, it surged 7.67 per cent to Rs 419.95.

At the NSE, shares of the firm made the market debut at Rs 420, a jump of 7.69 per cent.

The company’s market valuation stood at Rs 89,549.08 crore during the early trade.