Swiggy IPO subscription began today in the primary market after the company collected Rs 5,085 crore from anchor investors.

Swiggy Limited, India’s leading food delivery and quick commerce platform, opened its initial public offer (IPO) for subscription on. The IPO, open for subscription until November 8, is expected to attract substantial interest from retail and institutional investors eager to participate in Swiggy’s growth story as it aims to raise Rs 11,

The grey market premium of Swiggy was Rs 12 as of 7:58 a.m. on Nov. 6, implying a 3.08% gain over the IPO price, according to Chittorgarh's unit InvestorGain. The estimated listing price based on the GMP is Rs 402 per share.

Swiggy's IPO saw a lukewarm response on its first day, with overall subscriptions reaching only 5%. Despite a grey market premium, analysts are divided on the company's prospects due to its history of losses and stiff competition.

Swiggy’s upcoming IPO has sparked interest among investors, but the grey market premium (GMP) suggests only modest listing gains amidst a broader market downturn. Despite some improvement in its GMP since last week,

Bengaluru-based Swiggy opened for public subscription within a price band of Rs 371 to Rs 390 and people will be able to place their bids till November 8.

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.