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People don’t like Swiggy’s IPO! Cold response also on the second day… what will happen now? – Swiggy IPO subscription only 35 percent on day 2 Check GMP price band and other tutd

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People don’t like Swiggy’s IPO! Cold response also on the second day… what will happen now? – Swiggy IPO subscription only 35 percent on day 2 Check GMP price band and other tutd

Fast e-commerce and food delivery company Swiggy’s IPO has arrived and it’s been two days. Now this IPO is available until tomorrow i.e. Friday, November 8. So this IPO will close. There is not much interest among investors for Swiggy’s IPO. Even after two days, only 35 per cent is subscribed, with the maximum contribution coming from retail investors. Swiggy’s IPO has been 83% subscribed by retail investors.

QIB has subscribed 28 per cent of this IPO and HNI has subscribed only 14 per cent. However, there is still time until tomorrow afternoon, during which large investments are likely to be made. Because most of the people invest in IPO in recent days. The total size of Swiggy’s IPO is Rs 11,327.43 crore, through which 11.54 million shares were issued through fresh issue and 17.51 ​​million shares were issued through OFS.

Swiggy IPO Price Band
Swiggy IPO opened for subscription on November 6, 2024 and will close tomorrow i.e. November 8. Talking about the allotment of Swiggy shares, it will take place on Monday, November 11, 2024. The listing of Swiggy IPO shares will take place on BSE, NSE on November 13, 2024. Talking about the price band of the Swiggy’s IPO, has been priced between ₹371 and ₹390 per share.

What is the minimum amount to invest?
38 shares have been placed in one batch of Swiggy IPO, in which at least retail investors will have to invest Rs 14,820. 750,000 shares were reserved for Swiggy employees and they were offered a discount of Rs 25 for each share.

Only 2 rupees GMP
Low GMP is also believed to be one of the reasons why Swiggy’s IPO did not get much response. Talking about Swiggy’s gray market premium, it is just Rs 2, which means its trading price can be Rs 392 per share, 0.51 per cent higher than its price band. The price band of Swiggy IPO is Rs 390 per share.

(Note: Before investing in any stock or IPO, seek the help of a financial advisor.)

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