Swiggy debuted at the bourses today after an ₹11,327.43 crore IPO, which had an issue price of ₹390.
Early shareholders selling in the offer are in to make massive returns from their investments. Private investment firms like Accel, Elevation and Norwest are set to multiply their initial investments in the food delivery platform by a factor of at least 25.
The stock debuted on indices at premium of around 2.5% on Wednesday despite a flat grey market premium, meaning that retail investors are also likely to make gains from the issue.
See Also: Macquarie Expects Power Grid, NTPC, REC, PFC To ‘Outperform’ Long Term Amid Shifting Trends
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.