Why did Swiggy's stock price fall below its QIP price?

Swiggy's stock fell below its QIP price due to heavy trading volumes and broader market concerns, despite the company's previous fundraising efforts.

What is Swiggy's current stock performance as of January 6, 2026?

As of January 6, 2026, Swiggy's stock is trading at a six-month low of ₹360.30, down significantly from its 52-week high.

What are the main concerns analysts have about Swiggy?

Analysts are concerned about Swiggy's lagging market share in food delivery and quick commerce, as well as its profitability compared to competitors.

Home / Business and Economy / Swiggy Shares Dive Below QIP Price

Swiggy Shares Dive Below QIP Price

6 Jan

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Summary

Swiggy's stock reached a six-month low of ₹360.30 on January 6, 2026.
The food delivery company's shares fell below its QIP price of ₹375.
Analysts express concerns about Swiggy's market share and profitability.

Swiggy's stock experienced a significant decline, reaching a six-month low of ₹360.30 on January 6, 2026. This drop pushed the share price below its qualified institutional placement (QIP) price of ₹375 per share, marking a concerning trend for investors.

The company had previously raised ₹10,000 crore in December 2025 through a QIP, which saw strong participation from global and domestic investors. The proceeds were intended for expansion, technology investment, and marketing efforts.

However, analysts remain cautious. Ambit Capital downgraded Swiggy, preferring competitor Eternal, and highlighting potential challenges in food delivery and quick commerce market share, as well as lagging profitability compared to rivals like Zomato and Blinkit.

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