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,

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.

The Swiggy IPO will be open for subscription between Nov. 6 and Nov. 8. Share allotment of the issue is likely to be done on Monday, Nov. 11.

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.

Food delivery and quick commerce platform Swiggy’s IPO worth Rs 11,324 crore opens today. It consists of Rs 4,500 crore fresh issue and remaining as an offer for sale. Without a specific promoter, various institutional investors including Accel India,

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.

Food delivery giant Swiggy is planning to raise about Rs 11,327.43 crore to invest in R&D and expand its quick commerce business with its latest IPO. Moreover, Swiggy is offering its upcoming IPO at a lower valuation of $11.