Swiggy IPO makes 500 employees ‘crorepatis’; unlocks Rs 9,000 crore worth of ESOPs

Swiggy’s much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the “crorepati” club, with the food delivery and quick commerce major’s listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers, people aware of the details said.

Swiggy’s initial share sale had a price range of Rs 371-390 a share.