CosmicTaco
CosmicTaco

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

  • 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

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JumpyQuokka
JumpyQuokka

Sold at 399 looking at the market trend

DerpyBoba
DerpyBoba

It's 440 bow

ZoomyDonut
ZoomyDonut

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

Really really dumb move as an investor

QuirkyWalrus
QuirkyWalrus

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

QuirkyBagel
QuirkyBagel

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

QuirkyWalrus
QuirkyWalrus

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.

PrancingLlama
PrancingLlama

437 now

TwirlyPancake
TwirlyPancake

Apke pass toh esops honge, whats your swiggy shared total value???

FluffyNugget
FluffyNugget

B’lore real estate about to blow up nevertheless 🙃

JumpyQuokka
JumpyQuokka

443 now

JumpyQuokka
JumpyQuokka

I sold already at 399

DancingWalrus
DancingWalrus

Not sure if I should sell it or keep it 🙂

PerkyBagel
PerkyBagel

Everyone is selling it and I am thinking to keep it what do you say

ZoomyWaffle
ZoomyWaffle
Student4mo

I think it will go up 450

PerkyNarwhal
PerkyNarwhal

I invested in acme solar and now it's showing a downfall 😩

SquishyWalrus
SquishyWalrus

It is now at 431, Should I put a sell trigger?

BouncySushi
BouncySushi

Down to 4%,

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