Swiggy shares extended their upward momentum for the second consecutive day, climbing over 2% on December 10. The surge follows the company’s Rs 10,000-crore Qualified Institutional Placement (QIP), which attracted strong investor demand.
Market Performance
- Current price: ₹406.90 per share, marking the highest level in nearly two weeks
- Monthly gain: ~5%
- Six-month gain: ~12%
- Year-to-date: Down more than 25%
The stock has shown significant recovery after hitting a 52-week low of ₹297 per share in May. From its IPO listing at ₹420 per share last November, Swiggy shares have stabilised around 4% above the IPO price.
Swiggy QIP Details
Swiggy announced on December 8 that shareholders approved a plan to raise ₹10,000 crore via QIP. The board set the floor price at ₹390.51 per equity share, allowing a discount of up to 5% on the issue price. The QIP opened on December 9.
Key allocation of proceeds:
- Quick-commerce expansion: ₹4,475 crore will go toward scaling the fulfilment network, including Instamart dark stores and warehouses
- Overall expansion: Remaining funds will support food delivery and other business verticals
The QIP received over 4x demand from top institutional investors, highlighting strong market confidence in Swiggy’s growth strategy.
Company Details
Swiggy continues to strengthen its presence in India’s food delivery and quick-commerce sectors:
- Current fulfilment footprint: 5 million sq. ft as of November 30, 2025
- Target by December 2028: 6.7 million sq. ft
- IPO listing: ₹420 per share in November 2024, up from ₹390
- 52-week high: ₹617.30 per share
- 52-week low: ₹297 per share
The company’s QIP is set to accelerate the expansion of its quick-commerce infrastructure, enabling faster delivery services and broader market reach.
Summary
Swiggy’s recent share price gains reflect strong market participation in its Rs 10,000-crore QIP. With dedicated investment in quick-commerce fulfilment and expansion across key verticals, the company continues to strengthen its operational footprint while maintaining investor interest.
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