Swiggy IPO sees muted response, subscribed only 15% so far on day 2. GMP declines to 2%
Swiggy launched its IPO at a reduced valuation of $11.3 billion, down from its earlier target of approximately $15 billion. The company aims to raise around Rs 11,300 crore through the offering, which includes a fresh equity issuance of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.
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