Swiggy IPO: 9 execs who will become richer by Rs 50 crore or more

Swiggy’s shares debuted 7.7% higher in pre-open trade on November 13, following the oversubscription of its $1.4 billion initial public offering (IPO) by more than three times last week. The stock listed at Rs 420 on the National Stock Exchange, compared to its issue price of Rs 390. This IPO is considered one of the largest wealth creation events in India’s startup ecosystem, with around 500 employees set to join the ‘Crorepati’ club. The IPO will unlock Rs 9,000 crore in employee stock options (ESOPs), positioning Swiggy as a major player in India’s startup scene, similar to Flipkart.
Swiggy’s ESOP payout will be among the highest in India’s startup sector, rivaling Walmart-owned Flipkart’s massive $1.4-1.5 billion payout.