Zomato welcomes Swiggy to stock market with warm shoutout; netizens say, ‘Do bhai, dono tabahi’

Swiggy's shares opened at Rs 420, up 7.69 per cent from the IPO price.

Zomato welcomes Swiggy to stock market with warm shoutout (Image source: @zomato/X)

Zomato gave a warm shoutout to Swiggy on Tuesday to mark its debut on the stock market. The friendly message, shared on X, included the line, “You and I… In this beautiful world,” along with a photo of Swiggy and Zomato delivery partners standing together in front of the Bombay Stock Exchange. The image featured a banner celebrating Swiggy’s listing, capturing a moment of camaraderie between the two food delivery giants.

You and I… In this beautiful world ❤️ @Swiggy pic.twitter.com/sAFzd8z07E

— zomato (@zomato) November 13, 2024

Swiggy responded to Zomato saying the post was “giving Jai and Veeru vibes,” referring to the central characters of Sholay. HDFC Bank joined the conversation with a note saying, “Friendship is the best kind of deposit!” Meanwhile, CoinDCX kept it light saying, “One day… me and who?”

An X user named Xavier Uncle reacted to Zomato’s post saying, “Do bhai, dono tabahi.”

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Zomato CEO Deepinder Goyal extended his congratulations to Swiggy, saying, “Couldn’t have asked for a better company to serve India with.”

Congratulations @swiggy!

Couldn’t have asked for a better company to serve India with. https://t.co/ZgU5tIt1pW

— Deepinder Goyal (@deepigoyal) November 13, 2024

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Swiggy’s IPO listing

Swiggy made a strong debut on the stock market today, with its shares listed on both BSE and NSE. Opening at Rs 420 on the NSE, the stock started with a solid 7.69 per cent gain over the IPO price of Rs 390—a better performance than the grey market premium had predicted. By 11:53 AM, Swiggy’s shares were trading up at Rs 442.35 on the NSE. The IPO price range was set between Rs 371 and Rs 390 per share, helping the company raise a substantial Rs 11,327 crore, with robust interest from institutional investors.