{"id":874946,"date":"2024-11-11T08:06:55","date_gmt":"2024-11-11T02:36:55","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=874946"},"modified":"2024-11-11T08:13:44","modified_gmt":"2024-11-11T02:43:44","slug":"swiggys-1-4-bn-ipo-oversubscribed-as-investors-bet-on-quick-commerce-boom","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/11\/swiggys-1-4-bn-ipo-oversubscribed-as-investors-bet-on-quick-commerce-boom\/","title":{"rendered":"Swiggy&#8217;s $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom"},"content":{"rendered":"<p>Food and grocery delivery firm Swiggy&#8217;s $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India&#8217;s second-largest share sale this year. <\/p>\n<p>The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times, while the shares earmarked for retail investors were 114% subscribed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Food and grocery delivery firm Swiggy&#8217;s $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India&#8217;s second-largest share sale this year. The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times, while the shares earmarked for retail investors were 114% subscribed.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-874946","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=874946"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/874946\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=874946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=874946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=874946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}