Market skepticism surrounds the IPO of Swiggy after its unlisted shares had been trading in the grey market at Rs 8 as against their previous average premium of Rs 20. The much-awaited listing will happen in a critical time when sellers are showing their dominance by creating much selling pressure on the secondary market, raising little to no optimism amongst investors in terms of new listings for this period. While analysts are generally advising a 'subscription for the long term' approach, some caution that Swiggy's loss-making status in a highly competitive market may deter potential investors. Swiggy continues to operate at a loss as of fiscal year 2024, whereas its competitor, Zomato, has recently turned profitable. SAMCO Securities has stated that the IPO of Swiggy looks overvalued as the financial position and market risks are a cause of concern. The firm
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