Big day for Swiggy—and its employees! Today, around 5,000 current and former employees will benefit from ESOPs, with 500 employees joining the crorepati club as Swiggy makes its stock market debut.
Swiggy shares opened at 420 rupes on the NSE, a 7.7% premium over its issue price of 390 rupees. Meanwhile, on the BSE, shares listed at 412 rupees, up 5.64%.
This IPO doesn’t just mark a milestone for Swiggy—as per Moneycontrol, it also puts around 9,000 crore rupees directly into the hands of employees who’ve seen the company grow from a startup to a food delivery powerhouse.
Swiggy’s IPO, valued at a whopping 11,327 crore rupees, was open for grabs from 6th to 8th of November.
So what’s next for Swiggy on its new stock market journey? And will the shares keep up the momentum? Stay tuned as Swiggy kicks off a new chapter as a publicly listed giant!
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