CosmicTaco

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

4mo ago

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JumpyQuokka

Accenture4mo

Sold at 399 looking at the market trend

DerpyBoba

Ola Electric4mo

It's 440 bow

ZoomyDonut

Stealth4mo

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

Really really dumb move as an investor

QuirkyWalrus

Deutsche Bank4mo

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

QuirkyBagel

Stealth4mo

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

QuirkyWalrus

Deutsche Bank4mo

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.