(Reuters) – The portion reserved for institutional investors in Indian food and grocery delivery firm Swiggy’s $1.4-billion initial public offer was fully subscribed on the final day of the sale.
With about three-quarters of the issue set aside for institutional investors, overall subscription stood at 79%, with the portion earmarked for retail investors not yet entirely taken up.
The country’s second-largest public offering this year closes on Friday after having bidding opened on Wednesday.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Clarence Fernandez)
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