Market observers feel that the grey market sentiments remaining unenthusiastic to the Swiggy IPO can be attributed to the trend reversal in the Indian secondary market.

Brokerages have advised investors to subscribe to the issue with a long-term investment perspective.

The IPO will close on November 8, with a single-day bidding opportunity for anchor investors available on November 5.

Tata’s existing e-pharmacy service, 1mg, which delivers medicines is expected to be integrated with Neu Flash.

Quick commerce has become the primary grocery shopping method for 31% of urban Indians, with 39% using it for top-up purchases.

Restaurants that meet the criteria will receive a ‘Swiggy Seal’ on their menu pages in the Swiggy app, indicating their commitment to serving hygienic, high-quality meals in suitable packaging

Bolt offers a selection of popular dishes, including burgers, hot and cold beverages, breakfast items, and even biryani, all of which require minimal preparation time

The Swiggy IPO comprises a fresh issue of equity shares worth ₹3,750 crore and an offer-for-sale of 18, 52,86,265 equity shares by existing shareholders.

Swiggy is in the midst of preparations for its initial public offering (IPO) aimed to raise  ₹10,414 crore.

New-age startups like Swiggy are emerging as the top investment picks for large investors