swiggy listing
Swiggy IPO listing: Shares of online food delivery company Swiggy have been listed on the stock exchanges today. The company’s shares are listed with a nominal premium of 7.7 percent. The company’s shares were listed on NSE at Rs 420 with a premium of 7.7 per cent. Whereas its issue price in IPO was Rs 390. At the same time, the company’s shares were listed on BSE at Rs 412 with a premium of 5.64 percent. Swiggy had come with an IPO of Rs 11,327 crore. This IPO opened on 6 November and closed on 8 November. After the listing, profit booking was seen in Swiggy’s stock and the stock was seen trading in the red. In early trade, the company’s shares were trading at Rs 402.45, down 2.32 per cent or Rs 9.55 on BSE.
IPO was filled 3.59 times
Swiggy had kept the price band at Rs 371-390 per share in the IPO. Swiggy’s IPO got a good response from investors and it closed with a subscription of 3.59 times. Bids were received for 57.53 crore shares compared to 16 crore shares in the IPO. Retail investor segment subscribed 1.14 times. The non-institutional investors segment was subscribed only 0.41 times. The qualified institutional buyers segment was subscribed 6.02 times and the employees segment was subscribed 1.65 per cent.
Promoter stake left at 52.97%
Swiggy’s IPO was a combination of 11.54 crore fresh shares worth Rs 4,499 crore and 17.51 crore shares (offer for sale) worth Rs 6,828 crore. After the IPO, promoter holding in the company has reduced from 63.56 percent to 52.97 percent. The company had raised Rs 5085 crore from anchor investors on November 5.
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