Swiggy IPO listing: Around 500 employees likely to become crorepatis

Posted on:
Key Points

Swiggy's IPO stock market listing: The grey market premium (GMP) of Rs 2 ahead of Wednesday's debut indicates only a marginal gain of 0.51% above the issue price...

Swiggys much-anticipated IPO may not deliver major listing gains for retail investors, but it promises a significant windfall for employees holding ESOPs...

Around 5,000 current and former employees are poised to benefit from an estimated Rs 9,000 crore in wealth creation through stock options, reported The Economic Times..

The grey market premium (GMP) of Rs 2, however, indicates only a marginal gain of 0.51% above the issue price, suggesting a subdued listing on Wednesday...

The ET report noted that the founders and top management hold significant ESOPs from Swiggy's recent stock plan, including Group CEO Sriharsha Majety, cofounders Nandan Reddy and Phani Kishan Addepalli, and other senior leaders...

You might be interested in

Happy Forgings, RBZ Jewellers and Credo Brands IPOs to open on Tuesday. What GMP indicates ahead of subscr

18, Dec, 23

Ahead of the IPO opening, Happy Forgings is trading at a premium of Rs 440 in the unlisted market as against an issue price of Rs 850. Credo Brands is commanding a premium of Rs 125, compared with an upper price band of Rs 280.

8 IPOs to make D-Street debut next week. Will all listings be positive?

21, Dec, 23

Motisons Jewellers is the most buzzed of the lot, commanding a premium of Rs 76 in the unlisted market against an issue price of Rs 55. The issue, which closed on Wednesday, was subscribed by a massive 159 times at the end, led by non-institutional and retail investors. The share allotment for the public offer is expected later in the evening today.

Bharti Airtel market cap nears ₹7 lakh crore as stock hits record high for 5th straight session

25, Jan, 24

Bharti Airtel's market capitalisation has reached ₹6.8 lakh crore, with the stock achieving a record high of ₹1,200 per share. The company's stock has seen positive returns over the last five years.

Indegene Limited IPO Day 3: Check latest subscription, GMP

08, May, 24

The price band for the Indegene Limited IPO was set at Rs 430-452 per share, looking to raise Rs 1,841.76 crore.

Weak debut for Jyoti CNC Automation as shares list at 12% premium over issue price at Rs 370

16, Jan, 24

Jyoti CNC Automation listing: The company's shares were listed on the National Stock Exchange (NSE) at Rs 370, reflecting a gain of 11.8 per cent over the issue price of Rs 331.

Six stocks listed in October are already multibaggers with gains of up to 340% from their issue prices; check full list

13, Nov, 23

Goyal Salt, Vishnusurya Projects and Infra, Newjaisa Technologies, Vinyas Innovative Technologies, and E Factor Experiences are among the SMEs that have seen substantial gains over their issue prices. Plaza Wires has consistently hit the upper circuit limit, resulting in a gain of 115.2%

Drone Destination IPO: GMP, subscription status on day 2, and other key details

10, Jul, 23

Drone Destination Ltd's IPO, with a price band of ₹62-65 per share, has been subscribed 8.95 times on day 1 so far. The company hopes to generate ₹44.20 crore with the IPO.

Diwali Bumper: A dozen IPOs set to light up Dalal Street soon

26, Oct, 23

While Cello World and Blue Jet Healthcare have already announced their IPO dates, companies such as Tata Technologies, Mamaearth, ASK Automotive, Protean eGov Technologies, Fedbank Financial Services, ESAF Small Finance Bank, Flair Writing Industries and Credo Brands Marketing, among others, are in the pipeline.

ESAF Small Finance Bank makes strong debut, lists at 20% premium to IPO price

10, Nov, 23

The company’s shares opened at Rs 71 on the National Stock Exchange and Rs 71.9 on the Bombay Stock Exchange, surpassing the IPO price of Rs 60.

Mamaearth shares surge 10% on likely block deal worth Rs 142 crore

08, Jan, 24

The Mamaearth stock witnessed strong investor interest as nearly 51 lakh shares traded on the NSE around 2:35 pm. The traded value of the shares stood at Rs 227.14 crore. On BSE too, the stock hit the upper circuit with volumes shooting up by 1.67 times around this time.