Swiggy's strong market debut: how new-age companies fared on Day 1

This year has seen some of the biggest initial public offerings (IPOs) by technology companies such as Ola Electric, FirstCry and Awfis. Swiggy’s competitor Zomato hit the bourses in July 2021 at Rs 115 on the BSE. This was a premium of 51.3% over the IPO price of Rs 76, and the stock went as high as 81% over the issue price to log a day's high of Rs 138. It ended at Rs 125.85, up 65.6%.
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