Swiggy shares rose around 15% from its IPO price to hit an intraday high of ₹449 at the time of writing on Wednesday. Swiggy briefly hit a market capitalisation of ₹1 lakh crore due to the rally in stock price. Swiggy shares debuted at ₹420 apiece on NSE, marking a premium of 7.7% to its IPO price of ₹390.