Swiggy IPO GMP stays positive ahead of launch: Should you subscribe?

Swiggy IPO: The unlisted shares of Softbank-backed online food delivery giant Swiggy are trading at a premium in the grey market ahead of the launch of its initial public offering (IPO), scheduled to open tomorrow, November 6, 2024. Grey market sources report that Swiggy’s shares were commanding a premium of Rs 20, which translates into a GMP of 5.13 per cent against the upper price band of Rs 390.