Mumbai, May 13 -- The stock plunged as much as 7.33%, hitting a record low of Rs 297 today. For context, the company made its market debut on 13 November 2025, with shares listing at Rs 412-a modest 5.64% premium over its IPO price of Rs 390. From a post-listing high of Rs 617, the stock has now halved.

With the lock-in curtain lifted, a whopping 189.75 crore equity shares-roughly 83% of Swiggy's total shareholding-became eligible for trading. These shares, previously under wraps, are estimated to be worth nearly Rs 62,000 crore.

When a company goes public, early investors-think promoters, employees, and venture capital backers-are typically barred from selling their holdings for a certain period (usually 6-12 months for pre-IPO investo...