Swiggy IPO Experiences Lukewarm Investor Response on Day 2

The food delivery giant's public offering sees only 35% subscription amid muted market interest.

The Swiggy IPO, which opened on November 6, aims to raise ₹11,327 crore through a combination of new shares and an offer for sale.
Retail investors have shown the most interest, with 84% of their portion subscribed, while non-institutional investors and qualified institutional buyers lag behind.
The price band for the IPO is set between ₹371 and ₹390 per share, with a minimum investment requirement of ₹14,820.
The grey market premium for Swiggy's shares has fallen to ₹2 per share, indicating a listing price of around ₹392.
The IPO is scheduled to close on November 8, with shares expected to list on the stock exchange on November 13.