Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.Its shares rose as much as 15% from its offer price to 448.

Shares of Indian food delivery giant Swiggy rose over 9% on their trading debut. The company raised 113.27 billion Indian rupees ($1.34 billion) in its IPO that closed Monday.Shares of Indian food delivery giant Swiggy soared over 9% on their trading debut Wednesday after a stellar IPO — the country's second-largest this year.

Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. Swiggy's $1.4 billion IPO, the second largest in India this year,