Swiggy IPO: Listing date, grey market premium, and valuation analysis

Swiggy's public issue has created a massive buzz in the primary market. While the company is still in the process of turning profitable on a consolidated level, its "Instamart" quick-commerce segment is seeing high-frequency transactions. We compare Swiggy's valuations with Zomato and analyze whether the competitive landscape allows for another giant in the public space.