Swiggy IPO fully subscribed
The initial public offer of food delivery and quick-commerce major Swiggy got fully subscribed on the third day of the share sale on Friday.
The Rs 11,327-crore initial share sale received bids for 40,59,18,888 shares against 16,01,09,703 shares on offer, translating into 2.54 times subscription, as per NSE data till 1418 hours.
The portion for Qualified Institutional Buyers (QIBs) got subscribed 4.16 times while Retail Individual Investors (RIIs) received 1.03 times subscription. The quota for non-institutional investors fetched 30 per cent subscription.
