24/4/2025, 2:08:03 pm

Swiggy shares to see impact from pre-IPO shareholders’ lock-in expiry

Swiggy's stock may face near-term volatility due to potential exits by pre-IPO shareholders as their lock-in period expires on May 12. Around 83% of shares, valued at Rs 66,000 crore, will become tradable. Despite the stock trading 12% below its IPO price, JM Financial remains bullish, citing Swiggy's strong position in India's food delivery and quick commerce markets.