Tue Nov 12 16:18:22 UTC 2024: ## Swiggy IPO Set for Listing with Marginal Gains: Grey Market Premium Remains Low

**New Delhi, November 11, 2024:** Swiggy’s much-anticipated Initial Public Offering (IPO) is set to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 13th. While the IPO saw a strong response, with subscriptions exceeding three times the offered shares, the grey market premium (GMP) has remained relatively low, indicating a potential for marginal gains on listing.

Over the past four days, Swiggy’s unlisted shares have traded at Rs 391 in the grey market, just Rs 2 above the IPO issue price of Rs 390. This represents a slight increase from the Re 1 GMP observed on Monday. While market observers anticipated a stronger performance from Zomato’s rival, the low GMP suggests a modest listing gain on Wednesday.

Investors who were allotted Swiggy shares can now check their allotment status on the official websites of BSE, NSE, and the registrar Intime India. To check the allotment status, investors can follow these simple steps:

1. Visit the official BSE website: [https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)
2. Select “Equity” under “Issue Type”.
3. Choose “Swiggy Ltd.” from the “Issue Name” dropdown.
4. Enter your application number or Permanent Account Number (PAN).
5. Verify by checking the “I am not a robot” box and click “Search”.

Alternatively, investors can check the allotment status on Link Intime India Pvt Ltd’s portal at [https://linkintime.co.in/initial_offer/public-issues.html](https://linkintime.co.in/initial_offer/public-issues.html) by searching for Swiggy IPO details.

While Swiggy’s listing is expected to be a positive event for the company, the subdued grey market premium suggests investors may be cautious about the company’s future prospects. The upcoming days will reveal how the market reacts to the listing and what the long-term performance of the food aggregator company will be.

Read More