Food delivery and Q-commerce giant Swiggy opened its debut trading session on Wednesday as shares jumped more than 10 per cent, hitting Rs 444 in the morning.
Almost 40 lakh shares changed hand, bringing the market valuation of the company in early trade close to Rs 90,000 crore. Swiggy's successful Rs 11,327-crore initial public offering (IPO) was fully subscribed on Friday last week by at least 3.59 times its issue.
The stock was listed at Rs 420 on the NSE versus its issue price of Rs 390, drawing comparisons to the hit 2021 debut of its rival Zomato.
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