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Swiggy IPO makes 500 employees crorepatis
Millennium Post Delhi
|November 14, 2024
Shares surge nearly 17% in market debut; market valuation breaches Rs 1 lakh-cr mark
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Swiggy's much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the "crorepati" club, with the food delivery and quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers, people aware of the details said.
Shares of food delivery and quick commerce major Swiggy ended with a premium of nearly 17 per cent against the issue price of Rs 390 on Wednesday.
The stock listed at Rs 412, reflecting a jump of 5.64 per cent from the issue price on the BSE. During the day, it surged 19.30 per cent to Rs 465.30. Shares of the firm ended at Rs 455.95, up 16.91 per cent.
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