Indian food delivery giant Swiggy, which laid off 6% of its headcount ahead of its IPO filing in April 2024, has been listed on Wednesday. The company’s Rs 11,327 crore IPO was fully subscribed on the final day of the sale last Friday with 3.59 times subscriptions. The Swiggy shares were priced between Rs 327 and Rs 390 a piece. With $1.3 billion in share sales, Swiggy did the second largest listing after Hyundai Motor India Ltd’s record-shattering $3.3 billion IPO last month. With Swiggy’s stock market debut, around 5000 employees will become multi-millionaires with Rs 9000 crore in employees hands in the upcoming ESOP payouts.
Congratulations Swiggy Limited on getting listed on NSE today. Swiggy Limited provides its users with an easy-to-use platform that they can access via a single app to search, select, order, and pay for food (Food Delivery), grocery and household goods (Instamart) and have orders… pic.twitter.com/RKC9l0FnF1— NSE India (@NSEIndia) November 13, 2024
The #IPO will help put ₹9,000 crore into the hands of employees who saw #Swiggy scale from a small firm into a food delivery giant. The company’s upcoming employee stock option (ESOP) payout will rank among the largest in India’s #startup ecosystem
More details here:… pic.twitter.com/qxhsCFdbQo— Hindustan Times (@htTweets) November 13, 2024
Meanwhile, amid the listing on the stock market, rival Zomato, which made a stellar IPO debut in July 2021, dropped a post congratulating Swiggy with a caption lifted from an old Hutch/Vodafone ad: “You and I, in this beautiful world <3.” The post reminded netizens of Sholay’s Jai & Veeru. Even Swiggy responded with an “It’s giving Jai and Veeru” vibe tweet.
You and I… In this beautiful world ❤️ @Swiggy pic.twitter.com/sAFzd8z07E— zomato (@zomato) November 13, 2024
Wow (JAI and VEERU)….so on this occasion both should give free meals for 1 day to ur every customer. Haha would you give both? 🤣🤣🤣— THE Mr. UnD£R¢Ov£R (@_Mr_UnDeRcOvEr) November 13, 2024
it’s giving jai and veeru 😎✨— Swiggy Food (@Swiggy) November 13, 2024
excitement mein 20 litre chai pe li #SwiggyIPO pic.twitter.com/t1KDT3o30E— Swiggy Food (@Swiggy) November 13, 2024
Netizens joined in with hilarious jibes and memes over Swiggy IPO and Zomato’s delightful post. “Competitor ho toh aisa ho,” remarked one, while other users hailed the ‘Bhaichara’ between the duo. Meanwhile, HDFC Bank quipped that this was the best kind of deposit—friendship.
zindagi mein koi ipo nahi laga aajtak iss chakkar mein swiggy mein bhi daal diye the aur bc saari lot mil gayi aisi phooti kismat na dekhi— vishal dayama (@VishalDayama) November 12, 2024
When you don’t invest in Swiggy IPO but see your mutual fund invest in it 😅 pic.twitter.com/Qvkn3JIEDD— Finance Memes (@Qid_Memez) November 12, 2024
Kya bata hai pic.twitter.com/qFtuTMa0If— Chetna 💕 (@chet_weets) November 13, 2024
Same Same but different pic.twitter.com/xY46qXDqYn— Quarris (@quarrris1) November 13, 2024
Same feeling. pic.twitter.com/HAzEAfVv09— Samar ثمر (@thelakhnaviguy) November 13, 2024
pic.twitter.com/buwh8gdDhO— Royal Challenger (@rcb__fc) November 13, 2024
Competitor ho toh aisa ho 🙌🔥— Siddharth (@SidKeVichaar) November 13, 2024
We’re all in for the best kind of deposit- Friendship! ✨💙— HDFC Bank (@HDFC_Bank) November 13, 2024
Bhaichara on top— Rudransh (@rudranshhshukla) November 13, 2024
Ye bhaichaara mujhe pasand aaya♥️— Sukhpreet Hanspal (@ThroughMyOptics) November 13, 2024
Meanwhile
In real life 🥲 pic.twitter.com/4Z7G3EztFH— Investment Books (Dhaval) (@InvestmentBook1) November 13, 2024
both brothers contributing to
Obesity
Laziness
Financial burden
Diabetes………Kudos— Hilarious society (@bharatesh_12986) November 13, 2024
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