Explore
Active Stocks
Thu Nov 21 2024 15:58:46
  1. Tata Steel share price
  2. 140.25 0.57%
  1. Tata Motors share price
  2. 773.70 -1.24%
  1. State Bank Of India share price
  2. 780.85 -2.64%
  1. NTPC share price
  2. 356.10 -2.73%
  1. Power Grid Corporation Of India share price
  2. 325.80 3.41%
Business News/ Markets / Ipo/  Swiggy Share Price Live Updates: Stock ends at ₹464 apiece; 18.97% premium to IPO price
BackBack

Swiggy Share Price Live Updates: Stock ends at ₹464 apiece; 18.97% premium to IPO price

10 min read . Updated: 13 Nov 2024, 04:03 PM IST
Dhanya Nagasundaram, Anubhav Mukherjee

Swiggy Share Price Live Updates: Swiggy share price had a positive launch on the stock exchanges today (Wednesday, November 13). Swiggy shares ended the trading session at ₹464 on NSE, an 18.97% premium to the IPO price of ₹390, and at ₹455.95 on BSE, a 16.9% premium.

Swiggy Share Price Live Updates: Swiggy IPO made a positive debut on the stock markets on its listing day, shares closed higher on Wednesday, November 13. Premium
Swiggy Share Price Live Updates: Swiggy IPO made a positive debut on the stock markets on its listing day, shares closed higher on Wednesday, November 13.

Swiggy Share Price Live Updates: Swiggy share price made a positive debut on the bourses today (Wednesday, November 13). Swiggy shares ended the listing day trading session at ₹464 on NSE, an 18.97% premium to the IPO price of ₹390, and at ₹455.95 on BSE, a 16.9% premium.

On NSE, Swiggy share price opened at ₹420 per share, 7.69% higher than the issue price of ₹390. On BSE, Swiggy share price today opened at ₹412 apiece, up 5.64% than the issue price.

Market experts think that this performance exceeds expectations, given the moderate subscription rate of 3.59 times and the initial tepid reaction from investors indicated by the low grey market premium.

Swiggy IPO allotment was completed on Monday, November 11. Shares were credited to the demat accounts of those who were allotted shares on Tuesday, November 12.

The offering arrives at a moment when international funds have been selling off domestic stocks due to worries about declining earnings growth. Initial interest in Swiggy’s deal was weak, but the demand from institutions on the last day propelled it to a robust conclusion.

Swiggy IPO saw robust backing from both qualified institutional buyers and retail investors, with the subscription rate reaching 3.59 times on the last day of bidding, which was Friday, November 8, according to data from BSE.

Analysts pointed out that due to low subscription interest from NII’s and retail investors, coupled with prevailing market sentiments, there is a strong likelihood of a flat to negative listing, estimated to be within the range of +or - 5-10% compared to its issue price.

Established in 2014, Swiggy Limited offers its users a user-friendly platform accessible through a single application to browse, choose, order, and pay for meals (Food Delivery), groceries, and household items (Instamart), with deliveries made to their homes through a network of on-demand delivery partners.

Stay tunes for more updates

Newer Updates Older Updates
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Yes, Continue