Swiggy shares surge 9% after listing, market cap crosses Rs 1 lakh crore

Shares of Swiggy surged 9% to Rs 449 on BSE on Wednesday after debuting at Rs 412, with the company's market capitalization crossing the Rs 1 lakh crore mark. Despite the strong price movement, Swiggy's debut was considered muted, with a modest 8% premium over its issue price.