Swiggy shares selling like hot cakes in unlisted market as IPO buzz fuels 40% surge

Swiggy's IPO has received approval from Sebi, leading to a surge in its unlisted market shares. The company's stock price rose by nearly 40% in two months, driven by impressive growth and reduced net losses. Swiggy plans to raise around Rs 11,000 crore through the IPO, expected in November.