Swiggy IPO subscribed 5% so far on first day of bidding process. Check GMP and other key details

Swiggy IPO Subscription Status: Swiggy's IPO saw a lukewarm response on its first day, with overall subscriptions reaching only 5%. Despite a grey market premium, analysts are divided on the company's prospects due to its history of losses and stiff competition. The company aims to raise ₹11,300 crore to fuel its growth plans in the expanding food delivery market.