Swiggys much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the crorepati club with the food delivery and quick commerce majors listing poised to unlock Rs 9000 crore in ESOPs for 5000 staffers people aware of the details said. Swiggys initial share sale had a price range of Rs 371-390 a share. The total Employee Stock Option Plan (ESOP) pool is worth Rs 9000 crore with 5000 past as well as present employees holding them. At the upper price range of the initial share price (Rs 390) 500 employees out of the 5000 are set to become crorepatis a person in the know shared the details with PTI requesting anonymity. On Wednesday shares of Swiggy were listed with a premium of nearly 8 per cent against the issue price of Rs 390 on NSE. Shares of the firm made the market debut at Rs 420 a jump of 7.69 per cent on the bourse. The stock on the BSE was listed at Rs 412 a jump of 5.64 per cent from the issue price. Later it surged 7.67 per cent to Rs 419.95 on the same day. The companys market valuation stood at Rs 89549.08 crore during the early trade. Zomato CEO Reacts On Swiggy’s IPO In a kind gesture Zomato CEO Deepinder Goyal on Wednesday congratulated rival Swiggy on its stock market debut whose shares got listed at a premium of nearly 8 per cent on the NSE. Congratulations @swiggy! Couldnt have asked for a better company to serve India with.. Goyal said in a post on X tagging another post by Zomato which said You and I... In this beautiful world @Swiggy. https://x.com/deepigoyal/status/1856573822281101770 Swiggy IPO Debut The Rs 11327-crore initial public offer of Swiggy was fully subscribed on the final day of the share sale on Friday ending with 3.59 times subscription. The companys IPO (Initial Public Offering) had a fresh issue of shares worth Rs 4499 crore along with an Offer-For-Sale (OFS) of Rs 6828 crore. Going by the draft papers the company plans to utilise proceeds from the fresh issue for investing in technology and cloud infrastructure; brand marketing and business promotion; and debt payment; and funds will also be allocated for inorganic growth and general corporate purposes.  (With inputs from PTI)