Your search for when to trade in Swiggy share price NSE ends here. You have to wait a little longer for that, as market experts expect Swiggy to launch an IPO soon. India has become the top market for IPOs or initial public offerings worldwide, contributing over 27%. And compared to the first half of last year, 2023, the money invested in IPOs in India is 3.5 times higher at Rs. 34,923 crores in 2024 compared to 9,886 crores. Also, with Swiggy’s arch-rival Zomato listed in the exchanges from July 2021, experts estimate the IPO to raise over 1.25 billion dollars for new and existing investors. With the e-commerce market in India worth over 400 billion dollars by 2030 and the top quick commerce company Swiggy delivering more than food in over 500 cities across India, you can buy at the current Swiggy share price to reap huge profits.
So, check out all the information available about when you can invest in Swiggy’s share price NSE to buy Swiggy’s share price today to have high returns that are also safe and quick.
What is Swiggy’s stock price?
Swiggy is one of the model startup companies in India that has become successful with continuous funding and acquisitions and is worth over 1.7 billion dollars now. However, Swiggy is still trying to come out with an IPO for many reasons, though its competitor Zomato did it three years ago. Swiggy’s stock price almost doubled in the grey market in the last year, rising from its year-low of around Rs. 230 to Rs 440 now.
When will the Swiggy share price list on the exchanges?
Like many top shares like NSE India waiting to come out with an IPO to list in the exchanges, Swiggy’s stock price is one of them. Many top investors worldwide invested in Swiggy to expand its business from one city in 2014 to deliver many goods apart from food to be the top quick commerce company in over 580 cities. In 2022, with around 700 million dollars in investment by Invesco, Swiggy’s valuation rose to over 10.7 billion dollars. Hence, market pundits expect Swiggy to come out with an IPO to raise 450 million dollars or Rs. 3,750 crores in new shares and another 800 million dollars or Rs. 6,884 crores from existing shareholders.
From the above facts, you can end your search for when you can invest in Swiggy share price NSE sooner rather than later, given favoured market conditions, increasing e-commerce business in India, and many others.
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