Page 14 - Swiggy

Swiggy to make 500 employees crorepatis after its IPO: Here's how

On the Bombay Stock Exchange (BSE), the stock opened at Rs 412, registering a 5.64% gain from the issue price. This listing is set to bring significant value through Esops

Rival Zomato's CEO congratulates Swiggy on stock market listing

In a kind gesture, Zomato CEO Deepinder Goyal on Wednesday congratulated rival Swiggy on its stock market debut, whose shares got listed at a premium of nearly 8 per cent on the NSE. "Congratulations @swiggy! Couldn't have asked for a better company to serve India with..," Goyal said in a post on X, tagging another post by Zomato which said, "You and I... In this beautiful world @Swiggy". Swiggy got listed at Rs 420, a jump of nearly 8 per cent from the issue price on the NSE. The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription. Marking its stock market debut, Swiggy rolled out an ad film encapsulating the brand's ethos and the decade-long journey that led to the milestone. In a tribute to the backbone of Swiggy's operations, two of the company's delivery partners, Jigar Khan and Namrata Vora, were invited to join Swiggy's Co-Founders and Management Team on stage at the National St

Swiggy enters the stock market, Zomato shares heartfelt post: 'You and I…'

Zomato shared a social media post featuring a banner announcing Swiggy's listing, the post shows a friendly nod between the two food delivery applications

Expecting very solid growth for next 3-5 years: Swiggy CEO Majety

Food delivery and quick-commerce major Swiggy on Wednesday said it is expecting "very solid" growth in the next 3-5 years and plans to expand its geographical footprint and stores network for Instamart business. The company which made a strong debut on the stock exchanges on Wednesday said it has doubled the categories for quick commerce in the last 12 months. "We are expecting very solid growth for the next 3-5 years. We are expanding our geographical footprint, stores network for Instamart business," Swiggy CEO Sriharsha Majety said post the listing ceremony. Swiggy listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. Later, it surged 15.12 per cent to Rs 449 apiece. The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription. The initial share sale had a price range of Rs 371-390 a share. The company's IPO (Initial Public Offering) had a fresh issue of

Swiggy's Sriharsha Majety recounts journey in rare appearance at IPO debut

Swiggy's CEO, at the stock market debut, shared the journey from an IIM Calcutta college project to India's leading delivery platform

Swiggy enters Rs 1 trn market-cap club on debut; up 15% over issue price

At 11:15 am on Wednesday; Swiggy's market cap stood at Rs 100,148 crore (Rs 1.0 trillion), the NSE data shows.

Swiggy shares make positive debut on bourses; list at 8% premium on NSE

On the National Stock Exchange (NSE), Swiggy shares opened at Rs 420, higher by Rs 30, or 7.6 percent, from its IPO allotment price

Swiggy's IPO debut tests demand for rapid-delivery firms in India

According to CLSA, these firms are set to top $78 billion in combined gross orders within a decade, potentially affecting existing consumer-product majors like Hindustan Unilever Ltd. and Marico Ltd

Market Today: CPI at 14-mth high; FIIs; Swiggy & ACME Solar IPO listing

Both Sensex and Nifty closed over 1 per cent lower on Tuesday, November 12, with the Sensex ending at 78,675.18 and the Nifty closing at 23,883.45 levels

Food delivery major Swiggy to debut on stock market on Wednesday

If the grey market premium is any indication, Swiggy's shares could list close to its issue price of Rs 390 per share, valuing the company at Rs 87,300 crore

Swiggy IPO listing prediction: Analysts raise caution ahead of market debut

Following the completion of its initial public offering (IPO), Swiggy shares are slated to make their debut on the bourses on Friday, November 8, 2024

Swiggy IPO allotment today: Check status, GMP, & expected listing price

Once the allotment is finalised, investors can check the status of their Swiggy IPO shares on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week

Swiggy expands leadership team with 2 senior appointments to enhance ops

Both appointments are part of Swiggy's continued focus on scaling its operations, enhancing service delivery, and supporting its growth in both food delivery and quick commerce

Swiggy pilots 'Yello' service marketplace as Zomato eyes concierge model

Swiggy and Zomato, India's top delivery platforms, are branching out beyond core food and grocery services. Swiggy's 'Yello' marketplace and Zomato's concierge model lead new initiatives

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Swiggy IPO: QIBs do final-day heavylifting, isssue subscribed 3.6x

Institutional investors swoop in on Day 3 to corner 90% bids

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

Zomato, Swiggy face CCI probe over allegations of favouring big chains

The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform