Swiggy’s anticipated IPO next week has generated significant interest among celebrity investors and institutional firms. With the online food delivery market projected to grow at 20% during CY23-28, Swiggy targets a valuation of $11.3 billion and plans to use the proceeds for investments in technology, cloud infrastructure, and brand marketing.
Ather Energy IPO crosses the line in final hours of Day 3; retail portion booked 1.55 times
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors