Swiggy Ltd., the popular food delivery platform, experienced a notable drop in its share price on Tuesday. This decline came on the heels of the conclusion of the lock-in period for its pre-IPO investors, raising concerns among market watchers. As the non-promoter shareholders’ six-month lock-in period came to an end on May 13, 2025, the stock faced increased selling pressure, resulting in a 7.27% decrease on that day.

Lock-In Period Expiration Insights

With the lock-in period now expired, around 83% of Swiggy’s total shareholding became tradable. This translates to approximately 189.75 crore equity shares, collectively valued at about Rs 62,000 crore. It’s important to note that while these shares are now eligible for trading, it does not guarantee that all will be sold immediately. The end of the lock-in simply opens the door for trading in the secondary market.

Swiggy’s IPO Journey

Swiggy made its market debut on November 13, 2024, with an initial public offering (IPO) priced at Rs 390 per share. The shares opened at a premium of Rs 410, reflecting robust investor enthusiasm. The IPO was a significant success, raising around Rs 11,327 crore for the company.

Current Market Performance

As of 09:46 a.m. on Tuesday, Swiggy’s stock price fell to Rs 297 per share, though it managed to recover slightly, stabilizing at Rs 300—a 6.34% drop overall. In contrast, the NSE Nifty 50 index saw a minor decline of 0.71%. Over the past year, Swiggy’s shares have plummeted by approximately 34.21%. The trading volume on this particular day was significantly higher, reaching 25 times the average of the previous 30 days, with the relative strength index noted at 37.

Key Takeaways

• Share Price Decline: Swiggy’s shares fell by 7.27% due to lock-in period expiration.
• Tradable Shares: About 189.75 crore shares worth Rs 62,000 crore are now available for trading.
• Market Debut: IPO launched on November 13, 2024, at Rs 390 per share.
• Yearly Performance: Shares have decreased by 34.21% in the last year.

As the market responds to these developments, investors will be keen to monitor how Swiggy navigates this phase. The potential for increased trading activity might bring both challenges and opportunities for the company moving forward.