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Dalal Street welcomes Swiggy; stock lists at 8% premium on NSE

  • Foodtech major Swiggy listed its shares on the National Stock Exchange (NSE) at a premium of 8% to the IPO price.
  • The stock debuted at a premium of 5.6% on the Bombay Stock Exchange (BSE).
  • Swiggy's IPO received 3.59 times subscription, driven by bids from qualified institutional investors.
  • Swiggy plans to raise funds to invest in Scootsy, repay debt, expand dark store network, and invest in technology and brand-building efforts.

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