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Swiggy IPO: Buy For The Long Term, Say Brokerages
- Swiggy's IPO is set to open on November 6 with brokerages advising long-term investment.
- Bajaj Broking noted Swiggy's financial losses over the past three fiscal years.
- SBI Securities recommends subscribing to the IPO for long-term investment.
- The IPO comprises a fresh issue of INR 4,499 Cr and an offer for sale of 17.5 Cr equity shares.
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