Swiggy gets a 12 per cent subscription on the first day of IPO

Food delivery platform Swiggy’s IPO received a lukewarm response on its first day, reaching only 12% subscription. The company aims to raise ₹11,327 crore, with ₹5,085 crore already secured from anchor investors. Valued at $11.3 billion, Swiggy plans to utilize the funds for technology enhancement, brand building, and debt clearance.