Last Updated:November 13, 2024, 11:23 IST

Swiggy IPO Listing: Swiggy made its entry with an 8% premium, debuting at Rs 412 per share against an issue price of Rs 390.

Swiggy IPO Listing: In a surprising and heartwarming twist to one of India’s fiercest corporate rivalries, Zomato extended a sweet gesture toward Swiggy on Wednesday as the latter made its debut on the stock exchanges. In a post on X (formerly Twitter), Zomato shared, “You and I… In this beautiful world ,” directly tagging Swiggy.

The message, a seemingly simple yet profound acknowledgement of their shared space in the world of online food delivery, struck a chord with audiences across social media.

In another post on X, It also said, ‘It’s giving jai and veeru’.

Swiggy, which had announced its long-anticipated initial public offering (IPO), was listed on the BSE and National Stock Exchange (NSE) today. It made its entry with an 8% premium, debuting at Rs 412 per share against an issue price of Rs 390. The listing reflects the market’s enthusiasm toward Swiggy, marking a major milestone in its growth story.

A Healthy Rivalry?

Zomato and Swiggy, often locked in a competitive battle for the market’s top spot, have historically been vocal about their unique approaches to customer engagement, delivery innovation, and restaurant partnerships. Both platforms are known for their lighthearted social media exchanges.

This level of camaraderie is not always common in corporate India, especially within industries as cutthroat as food delivery.

Swiggy’s IPO Journey and Market Reaction

The Swiggy IPO listing was a much-anticipated event, with investors closely watching its journey, especially following the successful IPO of Zomato in 2021. The issue price was set at Rs 390, and Swiggy’s shares opened on the BSE and NSE at Rs 412 — a robust 8% jump that indicates investor confidence in the brand’s growth prospects and resilience in an increasingly competitive space.

Online food ordering and delivery company Swiggy has set a new Guinness World Record in collaboration with actor Ajay Devgn and director Rohit Shetty. The new record has been made for delivering the largest vada pav order – 11,000 vada pavs – in a single delivery. The order was delivered using Swiggy’s newly launched XL EVs for bulk deliveries. The vada pavs were delivered to children from the Robin Hood Army, an NGO that focuses on fighting hunger through surplus food distribution across multiple locations in Mumbai.

Mumbai’s iconic vada pavs were delivered by MM Mithaiwala, who collaborated with the upcoming film ‘Singham Again‘ team. Swiggy XL, a fleet of electric vehicles introduced to efficiently handle high-volume orders, played an instrumental role in achieving this Guinness World Record.
Also Read:Swiggy Instamart User Complains About Free Tomatoes He “Cannot Remove”, Internet Gives Mixed Reaction

The first stop was Airport High School and Junior College in Vile Parle, where Ajay Devgn, Rohit Shetty and Swiggy Co-founder Phani Kishan received the order, creating a Guinness World Record for the largest number of Vada pavs delivered in a single order. The vada pavs were distributed across Robin Hood Army-supported schools in Bandra, Juhu, Andheri East (Chandivali and Chakala), Malad, and Borivali.

Phani Kishan, Co-founder and Chief Growth Officer, Swiggy said, “In the 10 years of Swiggy, we have delivered millions of vada pavs across Mumbai, and other cities. We’re going XL by teaming up with ‘Singham Again’ to set a Guinness World Record for the largest single food order for vada pavs. This exciting event perfectly captures Swiggy’s commitment to delivering food whether big or small-and celebrates the love for Mumbai’s iconic street food in a truly spectacular Singham style.”
Also Read:Watch: Man Sets World Record For Most Fried Rice Tossed And Caught In 30 Secs

Speaking about the record, director Rohit Shetty said, “We are pleased to have collaborated with Swiggy for this record-breaking delivery of vada pav, bringing food and joy to children. Like Singham’s larger-than-life personality and strong ethics, this initiative has achieved a meaningful cause.”

The event concluded with children enjoying the vada pavs, marking the success of this new Guinness World Record made by Swiggy and the ‘Singham Again‘ team.