Swiggy IPO day 2: GMP, subscription status, review, other details. Should you apply?

Swiggy IPO: The initial public offering (IPO) of Swiggy Limited hit the Indian primary market on 6th November 2024. Bidding for the Swiggy IPO will remain open until 8th November 2024. This means Swiggy IPO subscription will remain open from Wednesday to Friday this week. The online food delivery company has fixed the Swiggy IPO price band at ₹371 to ₹390 apiece. The company aims to raise ₹11,327.43 crore from this initial offer, a mix of fresh shares and offer for sale (OFS). Meanwhile, company shares are available in the grey market ahead of the Swiggy IPO subscription opening date. According to stock market observers, Swiggy shares are trading at a premium of ₹11 in the grey market today.

Swiggy IPO subscription status
After day 1 of bidding, the public issue had been booked 0.12 times, the retail portion of the book build issue had been subscribed 0.54 times, and the NII portion had been subscribed 0.06 times.

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