Swiggy delivers 15% jump in India debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares jumped nearly 15 per cent in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
India's Swiggy sees shares jump about 8% on debut after country's second-largest IPO this year
Shares of Indian food delivery giant Swiggy rose over 9% on their trading debut. The company raised 113.27 billion Indian rupees ($1.34 billion) in its IPO that closed Monday. Shares of Indian food delivery giant Swiggy soared over 9% on their trading ...
Swiggy is the first company to list through the Securities and Exchange Board of India's confidential listing route, ...
Swiggy, the food and grocery delivery company, experienced a successful stock market debut on Wednesday. Shares opened at a 7 ...
As Swiggy's market capitalisation touched $12.3 billion (approximately Rs 1.03 lakh crore) on debut in India’s public ...
Swiggy Ltd had set a price band of Rs 371-390 per share for its Rs 11,300 crore initial public offering. The offer consisted of a fresh issue of Rs 4,499 crore and an offer-for-sale of Rs 6,825 crore.
Following its debut, Swiggy has also received its first brokerage coverage with a BUY rating. Broker JM Financial likes ...
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