Swiggy IPO Day 2: Issue Subscribed 25% So Far

Swiggy’s IPO continued its muted subscription on the second day today, following a dull start on the first day. 

On the second day of bidding, the foodtech giant’s IPO received bids for 3.9 Cr shares against the 16.01 Cr shares on offer, as of 1:30 PM. 

Employees led the way, with the reserved portion for them oversubscribed at 1.04x, receiving bids for 7.77 Lakh shares against the 7.5 Lakh shares set aside.

Credit: inc42.com