Swiggy IPO Day 3: RS 11,300 Crore Issue Gets Full Subscribed

Equitymarketinsights.com Scribbled Underline

Swiggy holds a solid No. 2 position in India's food and grocery market behind Zomato. In food delivery, it has 34 percent of the market compared to Zomato's 58 percent.

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[{"selector":"#anim-28e0ba22-e9e2-4a0d-9ab9-22ab31c7678b","keyframes":{"opacity":[0,1]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c1ff28f9-14e9-456f-904c-58ec91a2dafc","keyframes":{"transform":["translate3d(-157.14288%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swiggy IPO was fully subscribed on the last day of its bidding on November 8 after a tepid response to the Rs 11,327.43-crore offer in the previous two days of its issue. Scribbled Underline

[{"selector":"#anim-cc1ac708-d64c-479e-8896-45bbadffa70c","keyframes":{"opacity":[0,1]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99bc5e28-2d7a-40bf-a1f8-ea1b2272d000","keyframes":{"transform":["translate3d(-157.14288%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The maiden share sale by the food delivery and quick-commerce major Swiggy received bids for 19.41 crore shares against 16 crore shares on offer, according to data available with the NSE till 1 pm. Scribbled Underline

[{"selector":"#anim-af9abd38-aa35-4b2f-b028-505d5fc55116","keyframes":{"opacity":[0,1]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-034bfe17-e02d-449b-9b59-d47e7e4c9e8a","keyframes":{"transform":["translate3d(-157.14288%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The portion for Retail Individual Investors (RIIs) got subscribed 98 per cent while the category for Qualified Institutional Buyers (QIBs) got fully subscribed at 1.78x. The non-institutional investors part received 23 percent subscription. The employees' book was subscribed 1.39 times. Scribbled Underline