Swiggy IPO Listing: Swiggy’s IPO was listed in the stock market today. The company’s shares have been listed on both the stock exchanges i.e. BSE and NSE. Investors have benefited from the listing of Swiggy shares on the very first day as the company’s shares have been listed with an 8 percent premium to the issue price. Let us know in detail in this article.
Swiggy’s IPO was listed in the stock market today (Swiggy IPO Listing). Investors have benefited a lot from this listing. Yes, food delivery and quick commerce company Swiggy has been listed with a premium. The company’s issues have been listed with an 8 percent premium. However, this is a much lower premium than expected.
Swiggy’s issue price was Rs 390 and was listed at Rs 41 per share. After listing, Swiggy’s shares on BSE rose 7.67 percent to Rs 419.95 per share. After listing, Swiggy’s market valuation (MCap) rose to Rs 89,549.08 crore.
About Swiggy IPO
Swiggy’s IPO closed on 8 November 2024. The IPO was fully subscribed on the last day of subscription. On Friday, the IPO was subscribed 3.59 times. Swiggy had offered an IPO of Rs 11,327 crore. The price band of this IPO was Rs 371-390 per share. This IPO included a fresh issue of Rs 4,499 crore and an offer for sale (OFS) of Rs 6,828 crore.
According to the draft paper of the company, the company will use the amount raised from the IPO to invest in technology and cloud infrastructure. Apart from this, funds will also be used for brand marketing and business promotion. The company will also use the IPO amount to meet corporate objectives.
ACME Solar listed
The IPO of ACME Solar Holdings Ltd of SME sector and solar sector has been listed today. The listing of the company’s shares was quite weak. In fact, ACME Solar’s shares (ACME Solar Holdings Ltd Share Price) have been listed with a 13 percent discount from the issue price. The issue price of the company was Rs 289 which was listed at Rs 259 per share. After the listing of the shares, the market valuation of the company (ACME Solar Holdings M-Cap) was Rs 16,358.55 crore. Let us tell you that on the last day of the IPO (ACME Solar Holdings Ltd IPO), this IPO received 2.75 times the bid.
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