Stock Market Today | Swiggy Price & IPO Listing Live: Swiggy shares settle at 456, 16.92% up from the issue price of 390

Stock Market Today | Swiggy Price & IPO Listing Live: The food delivery service provider, debuted on stock exchanges with Rs 420 on NSE, marking a 7.69% increase above its initial public offering price of Rs 390. On BSE, the company's shares began trading at Rs 412, registering a 5.64% gain over the IPO price.The IPO was oversubscribed by 3.59 times, with strong interest from Qualified Institutional Buyers (6.02 times) and non-institutional investors (10.41 times). Priced between Rs 371-390 per share, the IPO aims to raise Rs 11,327 crore, with proceeds going towards subsidiary Scootsy, technology infrastructure, and brand promotion. Despite revenue growth to Rs 11,247 crore in FY24, Swiggy continues to operate at a net loss of Rs 2,350 crore.