Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut

In a post on X, Zomato stated," You and I... In this beautiful world." Swiggy commented on the post, saying, "it’s giving jai and veeru vibes." This highlights healthy competition and mutual respect among both the giants.

Deepinder Goyal, CEO of Zomato, also congratulated Swiggy on the successful listing of its initial public offering (IPO). "Congratulations Swiggy! Couldn't have asked for a better company to serve India with," he wrote on X.

Swiggy got listed at Rs 420 on the NSE, a 7.69 per cent jump from the issue price. The stock kicked off with a premium of 5.64 per cent at Rs 412 on BSE.

According to a report by PTI, Swiggy's stock market debut made over 500 current and former employees crorepatis, with the quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers.

Bengaluru-based Swiggy's IPO was priced in the range of Rs 371-390 a share and Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday.