💨 Abstract

Swiggy's $1.4 billion IPO was fully subscribed on Friday, with institutional investors showing particular interest. The company, India's second-largest food and grocery delivery service behind Zomato, has a 34% market share in food delivery compared to Zomato's 58%. Analysts predict a muted stock market debut due to broader market weakness and concerns about profitability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖