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Swiggy IPO: Should you subscribe?

India has a booming consumer market with a large runway of growth. So too does its digital economy. E-commerce sits right at the intersection of these two forces. Can Swiggy be one of the mega winners? That is the $10-billion question that investors will have to reckon with as the Swiggy IPO opens this week on November 6. The ₹11,327-crore IPO will value the company at a market cap of ₹87,000 crore and enterprise value (EV) of ₹78,000 crore.