Swiggy’s much-anticipated initial public offering (IPO) has made a strong debut on the National Stock Exchange (NSE), listing at ₹420 per share—a nearly 8% premium over its IPO price of ₹390. The food delivery giant raised ₹9,000 crore through its IPO, which saw robust investor interest across categories.
The listing highlights growing investor confidence in India’s tech sector. Swiggy’s stock opened higher than expectations, with analysts attributing its performance to the company’s strong market share, diversified revenue streams, and growth in its grocery delivery segment.
CEO Sriharsha Majety expressed gratitude to investors and emphasized Swiggy’s commitment to long-term growth. “We aim to deepen our presence in tier-2 and tier-3 cities while continuing to innovate in technology and delivery efficiency,” he said.
Market experts advise investors to adopt a cautious approach, given the volatility often associated with new listings. However, Swiggy’s financials, including improving profitability metrics, indicate promising growth potential.
With this successful debut, Swiggy joins the ranks of leading Indian startups transitioning into public companies, marking a significant milestone in the food-tech ecosystem.
