Swiggy: From a forgotten idea to Rs 1 trillion market cap on listing ...

Nov 13, 2024 · Swiggy is the first company to list through the Securities and Exchange Board of India’s confidential listing route, highlighting the competitive nature of the sector. This listing …

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Swiggy Delivers 17% Gains On Stock Market Debut; Mcap Tops Rs 1 ...

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Nov 13, 2024 · Experts said Swiggy’s positive listing could boost the IPO pipeline and share sales by tech startups. IPO mobilisation for 2024 has already surpassed the previous record of Rs …

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Swiggy Tops Expectations With Best Major Listing In A Decade

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Nov 14, 2024 · Japan's SoftBank's $450 million investment in Swiggy was now valued at close to $1 billion on the listing day. The fund did not sell shares in the IPO. The value of Prosus' …

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Swiggy Serves Up 17% Gains On Debut, Mcap Tops ~1 Trn

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Nov 14, 2024 · Swiggy serves up 17% gains on debut, mcap tops ~1 trn Swiggy’s positive listing may boost IPO pipeline, say experts ... The acquisition cost for the selling shareholders ranges …

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Swiggy Serves Up 17% Gains On Debut, Mcap Tops ₹1 Trn

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Swiggy serves up 17% gains on debut, mcap tops ₹1 trn Business Standard | November 14, 2024 Defying weak market conditions and a tepid initial public offering (IPO) response, food delivery …

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Breaking Down Swiggy’s Mammoth IPO: Five Key Takeaways From …

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As Swiggy readies for a $1.25 billion IPO, its DRHP outlines its plans for quick commerce dominance, while shedding light on why its valuation ambitions fall far short of its arch-rival …

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CIEL To File Papers For Rs 450-cr IPO On Friday, Will Be 2nd Listed …

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Nov 15, 2024 · Swiggy delivers 17% gains on stock market debut; Mcap tops Rs 1 trillion. Swiggy: From a forgotten idea to Rs 1 trillion market cap on listing. Zinka Logistics' IPO subscribed …

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FAQs about Swiggy: From a forgotten idea to Rs 1 trillion market cap on listing ... Coupon?

Does Swiggy have a 'long and Winding Road to profitability'?

The firm said Swiggy has a 'long and winding road to profitability.' "We are very excited for the next wave of our journey as a company," said Sriharsha Majety, co-founder and CEO of Swiggy, in a press conference following the listing ceremony at NSE. ...

Where did Swiggy come from?

Sriharsha Majety first conceived the idea of Swiggy during a project at the Indian Institute of Management (IIM) Calcutta. At the NSE listing ceremony, he described how the idea, initially born from a class project, lay dormant after its completion, almost forgotten. Sriharsha Majety noted the rare nature of seeing his college idea come to life. ...

Will Swiggy catch up with Zomato in food delivery?

Macquarie said Swiggy has a clear path to catch up with leader Zomato in food delivery. The Swiggy stock made an impressive market debut, listing at Rs 412 on the BSE and Rs 420 on the National Stock Exchange, marking premiums of 5.64 per cent and 7.69 per cent, respectively, over the IPO issue price of Rs 390. ...

Is Swiggy a competitive company?

Swiggy is the first company to list through the Securities and Exchange Board of India’s confidential listing route, highlighting the competitive nature of the sector. This listing places Swiggy in direct competition with its larger rival, Zomato. Deepinder Goyal, co-founder and CEO of Zomato, welcomed Swiggy’s listing. “Congratulations @Swiggy! ...

How did Swiggy share price perform after debut?

Following the debut, shares of Swiggy rose another 9 per cent to Rs 448.65 during the session, taking the overall gains to 15 per cent over the issue price. The total market capitalization of the latest debutant of Dalal Street hit Rs 1 lakh crore mark on the maiden trading session. ...

What happened to Swiggy?

Swiggy’s listing has provided a strong exit for several early investors. Prosus, one of the company’s largest investors, has reaped around $2 billion. The company’s senior leadership confirmed that they invested $1.3 billion in Swiggy to build their stake to 31 per cent. Even after the partial exit, Prosus will retain a 25 per cent stake in Swiggy. ...