Swiggy grey market premium (GMP) is currently at 5%, or Rs 20, in the unlisted market, just a day before its initial public offering (IPO) opens on November 6. The subscription period for the IPO will run until November 8.

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.

Swiggy, the popular food delivery platform, has launched its IPO. The IPO aims to raise funds for expansion and technological advancements. Investors can participate in the IPO until November 8. The company has established a price range of Rs 371-390 per share.

Swiggy is set to launch its initial public offering on Wednesday, allowing investors to subscribe until Nov. 8. As of 5:03 a.m. on Wednesday, the company's shares were trading with a grey market premium of Rs 12, representing 3.08% premium over the upper end of the price band set at Rs 390.

Swiggy has announced an IPO to raise Rs 11,327.43 crore, comprising a fresh issue and an offer for sale. Priced between Rs 371-390 per share, the offering opens on November 6, 2024, and closes on November 8.

Three days ahead of the issue opening, Swiggy's gray market premium (GMP) stood at 5% or ₹19 in the unlisted market. This means investors are ready to pay around ₹409 for one share of the company, which suggests that the buzz surrounding the IPO is muted.