Swiggy IPO: A compelling bet on hyperlocal commerce? Analysts weigh in

Swiggy IPO opens today: Leading brokerage firms, including Deven Choksey Research, SBI Securities, Arihant Capital, and Mehta Equities, remain optimistic about the initial public offering (IPO) of SoftBank-backed online food delivery giant Swiggy. With the IPO opening for public subscription today, analysts are recommending long-term investment, citing Swiggy’s growth potential in India’s hyperlocal commerce sector.