Swiggy Ltd's IPO was subscribed 12% on its first day. It received bids for around 1.9 million of 16 million available shares, with retail investors subscribing 54% and non-institutional investors 6%.
On November 6, 2024, Swiggy, the massive food delivery and fast-commerce company with its headquarters in Bengaluru, made its Initial Public Offering (IPO) available for public subscription.
Following the disruption of traditional standalone medical shops by online medical stores, quick commerce platforms are now preparing ground for rapid doorstep delivery service.