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,

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.

The initial public offering (IPO) of Swiggy opened for subscription today and has garnered 8% subscription by 1 pm. The food delivery and quick-commerce company has received bids for 1.24 crore shares out of the 16 crore shares available,

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.

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.