India’s food and grocery delivery giant Swiggy concluded its initial public offering (IPO) on a high note, achieving full subscription for its $1.4 billion share sale. This marks one of the country’s largest IPOs of the year, second only to Hyundai Motor India’s recent listing. While retail investor interest was somewhat modest, institutional demand propelled Swiggy’s IPO to success, with the institutional investor segment oversubscribed by 131%. Despite this strong showing, market analysts anticipate a subdued debut for Swiggy on the stock exchange, reflecting ongoing market challenges and Swiggy’s own…
Swiggy’s $1.4 Billion IPO Achieves Full Subscription as Institutional Investors Drive Demand, But Analysts Caution on Listing Gains
