Swiggy IPO receives tepid response on day 1 of issue; Issue booked 12%, retail investors bid highest: Latest GMP here

Swiggy IPO: The initial public offering (IPO) of food and grocery delivery giant Swiggy Ltd received lukewarm from investors and was subscribed 12 per cent on the first day of subscription. The mainboard IPO opened for subscription for all groups of bidders on Wednesday, November 6, 2024, and close on Friday, November 8, 2024.

Swiggy aims to raise ₹11,327 crore from the IPO. Swiggy IPO has reserved not more than 30 per cent of the shares in the public issue for qualified institutional buyers (QIBs), not less than 15 per cent for non-institutional institutional investors (NIIs), and not less than 10 per cent of the offer for retail investors.