Swiggy shares settle at Rs 408 per share v/s issue price of Rs 390

CosmicTaco · 2024-11-13T09:57:55.142434+05:30

* Swiggy's shares settle at Rs 408 in pre-open trade, higher than the issue price of Rs 390. * The Rs 11,327 crore IPO includes a fresh issue of 11.54 crore shares valued at Rs 4,499 crore. * Despite being the second-largest player in e-commerce and food delivery, Swiggy's IPO received a sluggish response from investors. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/swiggy-share-price-live-ntpc-green-energy-ipo-acme-share-price-business-news-november-13-liveblog-12865185.html)

Swiggy's shares settle at Rs 408 in pre-open trade, higher than the issue price of Rs 390.
The Rs 11,327 crore IPO includes a fresh issue of 11.54 crore shares valued at Rs 4,499 crore.
Despite being the second-largest player in e-commerce and food delivery, Swiggy's IPO received a sluggish response from investors.

Source: Moneycontrol

17mo ago

JumpyQuokka

Accenture

17mo

Sold at 399 looking at the market trend

DerpyBoba

Ola Electric

17mo

It's 440 bow

ZoomyDonut

Stealth

17mo

How tf do you figure out the market trend within minutes of a listing?

Really really dumb move as an investor

QuirkyWalrus

Deutsche Bank

17mo

Yeah I mean at this point it's just IPO dumping to get the exits and make everyone rich

QuirkyBagel

Stealth

17mo

Not really. Definitely not at 40% of Zomato’s valuations

QuirkyWalrus

Deutsche Bank

17mo

If I am playing my hand right I'll own some shares and wait for my path to profitability, then sell it when we touch Zomato valuations. Because I know the market wants to factor that difference in my duopoly.