Swiggy IPO allotment status released: What GMP indicates ahead of listing date

Shares of food delivery giant Swiggy will be listed on the exchanges on Wednesday, November 13, after its high-profile IPO launch last week. However, despite being the second-largest e-commerce and food delivery player, it received a fairly sluggish response, according to an Economic Times report. The report added that it was subscribed to just over three times, mostlyby institutional investors on the last day, just like the Hyundai IPO.