Swiggy IPO: GMP at 5% in unlisted market, indicates muted listing gains

Swiggy IPO: Swiggy's IPO, scheduled to open on November 6th, has a grey market premium of Rs 20. The company has set the IPO price band at Rs 371-390 per share, with plans to raise Rs 4,499 crore in fresh equity. Despite reducing its valuation to $11.3 billion, the IPO has attracted investments from prominent figures in sports and entertainment.