Swiggy Ltd. is preparing to trade its shares in Mumbai on Wednesday, which is a significant moment for investor interest in India's fast-growing quick-commerce sector.
The company's IPO raised $1.3 billion and was oversubscribed more than three times last week, indicating strong demand from investors.
This IPO is the second largest in India this year, following Hyundai Motor India Ltd.'s $3.3 billion listing.
The performance of Swiggy's shares will be closely monitored as an indicator of the future of rapid-delivery companies in the region.