Swiggy falls 7% as IPO lock-in period for 83% of shareholding expires

Swiggy share price fell sharply on Tuesday, declining over 7% amid heavy trading volumes, as the mandatory lock-in period for pre-IPO investors ended in the previous session. Swiggy shares plunged as much as 7.33% to ₹297.00 apiece on the BSE. Swiggy shares came under selling pressure as the expiry of the six-month lock-in period for non-promoter, pre-IPO shareholders on May 12, 2025. Following this, approximately 189.75 crore equity shares — accounting for nearly 83% of Swiggy’s total shareholding — became eligible for trading on May 13. The total value of locked-in shares of Swiggy was estimated at around ₹62,000 crore.