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Swiggy Trades Flat at ₹299.95 in Early Hours Ahead of IPO Buzz

Swiggy share price remained unchanged at ₹299.95 on April 28 amid muted action and IPO listing anticipation.

Swiggy Share Price Stable at ₹299.95, No Change as Investors Await IPO Timeline

Swiggy share price showed no change in early market trade on April 28, holding firm at ₹299.95. The food delivery and quick commerce company remained in a consolidation phase as investors continue to monitor IPO listing cues.


Key Stock Snapshot

  • Previous Close: ₹299.95
  • Opening Price: ₹300.00
  • Day’s High/Low: ₹300.00 / ₹298.95
  • Market Cap Estimate: ~₹90,000 crore (pre-IPO valuation)
  • P/E Ratio: Not applicable (pre-profit stage)

The stock’s performance has remained subdued as the company is yet to debut on the primary market, but grey market activity suggests moderate interest.


What’s Behind the Flat Performance?

  • Awaiting final IPO pricing and listing timeline
  • Cautious investor mood in high-burn startups
  • Industry-wide focus shifting to profitability over growth

Swiggy has reportedly filed confidential IPO papers and is expected to raise ₹8,000–₹10,000 crore through its public issue.


Market Sentiment and Peer Comparison

With Zomato already listed and turning EBITDA positive, market watchers are keenly observing whether Swiggy can achieve similar traction. The company has been expanding its Instamart and Dineout verticals but remains loss-making.


What Analysts Expect

  • Kotak Institutional Equities says investor focus will be on burn rate and unit economics
  • Motilal Oswal flags positive sentiment if Swiggy matches or exceeds Zomato’s margin trajectory
  • JM Financial expects moderate listing gains depending on issue pricing and anchor demand

What This Means for You

Retail investors should watch for official DRHP filings and SEBI approval updates. While Swiggy is a marquee startup, valuation comfort and sector profitability will be key to post-listing performance.


What Lies Ahead

Swiggy’s IPO, likely in the first half of FY26, will be a defining event in the Indian startup listing wave. Until then, market participants will track user growth, revenue metrics, and burn rate trends. A listing around ₹290–₹310 range is anticipated based on grey market whispers.


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