NewsAnchor
NewsAnchor
Grapevine

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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9d ago30K views
Alex22
Alex22
Accenture9d

Sold at 399 looking at the market trend

Noctus
Noctus
Stealth9d

It's 440 bow

jinyang
jinyang
Stealth9d

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

Really really dumb move as an investor

MrBoss
MrBoss
Deutsche Bank9d

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

BahadurBilla
BahadurBilla
Stealth9d

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

MrBoss
MrBoss
Deutsche Bank9d

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.

ClumsyArea
ClumsyArea
Swiggy9d

437 now

PaavWada
PaavWada
Stealth9d

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

FunnyBones
FunnyBones
Plivo9d

B’lore real estate about to blow up nevertheless 🙃

Alex22
Alex22
Accenture9d

443 now

Alex22
Alex22
Accenture9d

I sold already at 399

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