Swiggy IPO makes lackluster start: subscription at 7% so far, GMP 3%
Analysts weigh in Meanwhile, the unlisted shares of Swiggy were trading at a premium of Rs 12 against the upper end of the IPO price of Rs 390, reflecting a grey market premium (GMP) of 3.08 per cent, as per the sources tracking grey market activities.
Swiggy IPO Live Updates: Swiggy IPO opens for subscription Check Latest GMP, Review, Price and Other Details
Swiggy grey market premium (GMP) is currently at 5%, or Rs 20, in the unlisted market, just a day before its initial public offering (IPO) opens on November 6. The subscription period for the IPO will run until November 8.
Swiggy IPO Subscribed 4% So Far On Day One, Check GMP
The grey market premium of Swiggy was Rs 12 as of 7:58 a.m. on Nov. 6, implying a 3.08% gain over the IPO price, according to Chittorgarh's unit InvestorGain. The estimated listing price based on the GMP is Rs 402 per share.
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Swiggy IPO Day 1 Live Update: Check out GMP, review, key dates, other details as issue opens today
The shares of the Bengaluru-based firm will be open for public subscription at a price range of ₹371 to ₹390 from November 6 to November 8. This offering takes place alongside several recent IPOs.
Swiggy IPO subscribed 5% so far on first day of bidding process. Check GMP and other key details
Swiggy's IPO saw a lukewarm response on its first day, with overall subscriptions reaching only 5%. Despite a grey market premium, analysts are divided on the company's prospects due to its history of losses and stiff competition.
Swiggy IPO opens today: Check price band, GMP - should you subscribe? Here’s what analysts say
Swiggy, the popular food delivery platform, has launched its IPO. The IPO aims to raise funds for expansion and technological advancements. Investors can participate in the IPO until November 8. The company has established a price range of Rs 371-390 per share.
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Swiggy IPO GMP Today: Stock market crash playing spoilsport? Food delivery firm's latest grey market premium
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Swiggy IPO: A compelling bet on hyperlocal commerce? Analysts weigh in
Meanwhile, sources tracking grey market activity reveal that the unlisted shares of Swiggy were commanding a premium ...