1 day Ago By Pawan Kumar
Swiggy India IPO GMP: Today marks a significant day for Swiggy, the popular food delivery service, as its Initial Public Offering (IPO) is officially listed on the stock exchanges. Starting at 10:00 AM IST, Swiggy’s shares will be available for trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Also Read: Swiggy Share Price Listing Live Swiggy IPO: Listing DetailsAccording to the BSE website, Swiggy Ltd’s shares are being listed under the 'B' Group of Securities.
Investors can expect to see Swiggy’s stock open for trading during the special pre-open session today. This move allows both institutional investors and the general public to buy and sell Swiggy shares starting from the morning. Swiggy IPO AllotmentThe process leading up to today’s listing has been smooth.
The final allocation of shares took place on Monday, November 11. By Tuesday, November 12, shares were credited to the demat accounts of individuals who were granted them. Additionally, any shares not claimed by some investors were returned yesterday, ensuring a fair distribution of Swiggy’s stock.
Swiggy IPO: Strong Investor InterestSwiggy’s IPO saw impressive interest from investors. On the last day of bidding, Friday, November 8, the IPO subscription reached 3.59 times its initial offering.
This strong demand came from both qualified institutional buyers and retail investors. Swiggy IPO: Latest Grey Market Premium (GMP) TodayIn the grey market, where shares are traded before the official listing, Swiggy’s stock is currently trading at its issue price of Rs 390 without any premium or discount. This means there is no extra charge over the IPO price in the grey market today.
What GMP Indicates?Experts from Investorgain.com have observed that the grey market premium has been decreasing over the last 20 trading sessions and is expected to continue its downward trend. The lowest GMP recorded was Rs 0, while the highest reached Rs 25.
A lower GMP suggests that investors are more cautious and are not willing to pay above the issue price for Swiggy’s shares at this time. What’s Next For Swiggy Investors?As Swiggy’s shares start trading today, investors will be closely watching how the stock performs in the open market. The company’s strong backing from investors and a high subscription rate indicate a positive start, but the ongoing trend in the grey market will also play a role in determining the stock’s movement in the coming days.
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