The IPO, which opens Wednesday and closes Friday, has been priced in the band of ₹371-390 per share. The grey market premium – the price in the unofficial market that investors pay for the shares before listing – was at ₹20 for Swiggy on Tuesday, a 5% premium to the upper price band of ₹390.
Bond supply may outweigh demand, push yields higher
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing