Swiggy Ltd.’s shares climbed in their Mumbai debut, signaling a vote of confidence for large initial public offerings in India.

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,

Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.

Sagility India IPO listing date is likely on November 12, Tuesday. The equity shares of Sagility India Ltd are set to be listed on both the stock exchanges, BSE and NSE.

While big ticket offerings have seen relatively muted responses, India’s IPO market has been buoyant, with about 290 companies raising nearly $14 billion so far this year, roughly twice the amount raised in all of last year, LSEG data showed.