"Swiggy IPO Allotment Finalised, Investors Left Waiting as Listing Suffered a Muted Start"

Mumbai, Nov 12 (BPT) - The allotment for Swiggy's Initial Public Offering (IPO), which closed on November 8, has been finalized and the shares are slated to debut on Wednesday on both BSE and NSE. However, the prospect of a subdued start to the listing remains as the Grey Market Premium (GMP) on unlisted shares of the company stood at a mere Rs 0.26 percent earlier today.

This implies an initial discount of just one rupee higher than its IPO allotment price making investors ponder how much value the listing may bring in initially. Despite significant returns from early buyers and strong demand for the offering, such low expectations for market arrival has caused concern among retail and institutional investors.

Investors may be hopeful that once the listings arrives, Swiggy can prove to be more efficient to restore investor confidence.