Swiggy's IPO received a mild response, with a total subscription of 3.59 times by the final day. Retail investors showed moderate interest, subscribing 1.14 times, while qualified institutional buyers (QIBs) exhibited stronger demand, booking their portion 6.02 times. Non-institutional investors contributed 41% of the subscription, and employees participated at 1.65 times.
Despite the overall subscription being 3.59 times, the tepid interest from retail and non-institutional investors raises questions about the broader market sentiment towards Swiggy's future.