📉 Swiggy Share Price Impact: Key Highlights from JM Financial

🔒 Lock-in Expiry Nearing:

• 83% of Swiggy’s total shareholding is currently under lock-in.
• This portion is valued at ₹66,000 crore (approx. $7.7 billion).
• The lock-in period ends on May 12, making these shares available for trade starting May 13.

📊 Potential Volatility Ahead:

• JM Financial warns of likely near-term volatility due to possible exits by pre-IPO investors.
• These investors are non-promoter stakeholders who held shares prior to the IPO.

🗓️ Regulatory Requirement:

• As per market norms, pre-IPO non-promoter shareholders are subject to a six-month lock-in post listing.

⚠️ Investor Watch:

• Analysts suggest keeping an eye on trading volumes and price movements around the lock-in expiry date, as large offloads could impact the stock performance.