On Monday, shares of Swiggy, the food delivery company, experienced a sharp decline.
The stock price dropped by over 8% to Rs 410 on the BSE, bringing it close to its Initial Public Offering (IPO) price of Rs 390. This marks a loss of more than 24% so far in 2025, with a nearly 25% decrease in the last month alone.
Huge Fall From 52-Week High
Swiggy’s shares have fallen more than 30% from their 52-week high. On December 23, 2024, the stock was priced at Rs 617, but by January 27, 2025, it had dropped to Rs 410.
The lowest point over the past year was Rs 390.70. This decline has also impacted the company’s market capitalization, which now stands at Rs 91,776 crore.
IPO and Subscription Details
Swiggy’s IPO was priced at Rs 390 per share. The subscription period ran from November 6 to November 8, 2024. The shares debuted on the BSE on November 13, 2024, at Rs 412 and quickly rose to Rs 455.95.
The IPO was 3.59 times oversubscribed overall. The retail investor portion was oversubscribed by 1.14 times, while employee subscriptions were 1.65 times higher.
However, the non-institutional investor category was undersubscribed, with only 0.41 times the quota filled. The Qualified Institutional Buyer (QIB) category was the most popular, oversubscribed by 6.02 times.
Zomato Shares Also Struggling
Zomato, another food delivery company, has seen similar struggles in its stock performance. Over the past month, Zomato’s shares have fallen by 24%, dropping from Rs 271.15 on December 27, 2024, to Rs 206.15 on January 27, 2025. Zomato’s 52-week high is Rs 304.50, while its low point is Rs 132.40.
Zomato Shares Experience a Similar Drop
In a similar trend, Zomato’s shares also saw a sharp fall of 24% over the past month.
From Rs 271.15 on December 27, 2024, the stock dropped to Rs 206.15 by January 27, 2025. Zomato’s 52-week high stood at Rs 304.50, while its 52-week low was Rs 132.40.
