Tue Nov 12 16:18:20 UTC 2024: ## Swiggy IPO Allotment Declared, Grey Market Signals Tepid Listing

**New Delhi, November 12, 2024:** Swiggy’s IPO allotment status has been declared, with investors able to check their status online through the BSE website or the registrar Link Intime’s website. The company is expected to list on the stock exchange on November 13th, 2024.

However, despite the much-anticipated IPO, the grey market premium (GMP) for Swiggy shares has been steadily declining, currently sitting at ₹2. This suggests a potentially tepid debut for the food delivery giant. The GMP, which reflects the expected price difference between the IPO price and the listing price, has fallen from a high of ₹130 before the IPO opened to its current level, attributed to the recent market downturn and cautious investor sentiment.

Stock market experts advise investors to remain focused on the fundamentals of the company and not rely solely on the often-fluctuating grey market. They emphasize the importance of analyzing the company’s financials and forming their own investment decisions.

While the grey market predictions suggest a subdued listing, it remains to be seen how Swiggy will perform in the market. Investors and analysts alike will be watching closely as the company enters the public domain.

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