Fri Nov 08 12:45:58 UTC 2024: ## Swiggy IPO Sees Strong Demand from Institutional and Retail Investors
**Bangalore, India** – Swiggy’s Initial Public Offering (IPO) has witnessed strong demand from both institutional and retail investors, according to analysts. The final day of subscription saw institutional investors oversubscribing their portion by a significant 131%, while retail subscriptions reached 97%.
“This strong demand reflects investor confidence in the growth potential of Swiggy,” said Prashanth Tapse, senior vice president of research at Mehta Equities. Abhishek Jain, Head of Research at Arihant Capital, echoed similar sentiments, highlighting the positive response from the market.
Other analysts, such as Santosh Meena, Head of Research at Swastika Investmart, and Mahesh Ojha, assistant VP – research & business development at Hensex Securities, also expressed optimism about the IPO’s success.
“The strong demand from institutional investors indicates their belief in Swiggy’s long-term growth prospects,” commented Hemang Jani, director of Finazenn.
The oversubscription of the IPO suggests a positive outlook for Swiggy’s future. It is expected to be listed on the stock exchanges soon, with the strong demand likely to result in a successful debut.
First Piper 