Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of India's second-largest share sale this year.

Swiggy IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore

Swiggy's IPO closes today with a subscription rate of 105%. The offer received strong interest from QIB and employees. Retail investors subscribed to 97% of their portion. The company aims to raise Rs 11,

The portion reserved for institutional investors in Indian food and grocery delivery firm Swiggy's $1.4-billion initial public offer was fully subscribed on the final day of the sale. With about three-quarters of the issue set aside for institutional investors,

Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week.

Swiggy's IPO saw a lukewarm response on its final day, with the grey market premium plummeting to near zero. The muted demand, particularly from retail investors, is attributed to concerns over the company's profitability and a lackluster market sentiment.

Swiggy's $1.4 billion IPO saw its institutional investor portion fully subscribed on the final day, although overall subscription reached 79%. The retail investor portion remained partially unsubscribed.

Unlisted shares of Swiggy Ltd are currently trading just Rs 2 higher in the grey market, signalling a muted listing.

Swiggy’s initial public offering opened to public on Wednesday. The IPO was subscribed 0.35 times on day 2. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.