Swiggy IPO
The initial public offering (IPO) of Swiggy Ltd, a leading food and grocery delivery service, is set to open for subscription on November 6 and will close on November 8.
Swiggy IPO Price Band
The IPO has established a price band of ₹371-₹390 per share, as detailed in the red herring prospectus. The total issue size amounts to ₹11,327 crore, which includes a fresh issuance of shares worth ₹4,499 crore and an offer for sale (OFS) component consisting of 175,087,863 shares.
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Swiggy IPO Open Date
The bidding for anchor investors is scheduled for November 5, ahead of the public subscription. The offer is allocated with 75% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors.
Swiggy IPO Allotment and Listing Date
Subscription Period: November 6 – November 8
Allotment Date: November 11
Credit to Demat Account & Refund Date: November 12
Listing on BSE and NSE: November 13
The book-running lead managers for the IPO include Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, BofA Securities India Ltd, Citigroup Global Markets India Pvt Ltd, Jefferies India Pvt Ltd, Avendus Capital Pvt Ltd, and ICICI Securities. The registrar for the issue is Link Intime India Pvt Ltd.
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About the Company: Swiggy IPO
Swiggy Ltd is a prominent food delivery and hyperlocal commerce platform, having commenced its food delivery operations in 2014 and expanding into quick commerce in 2020. The company provides food delivery services through Swiggy and delivers household items via Instamart. Additional services include dinner reservations via Dineout, event bookings through SteppinOut, hyperlocal commerce under Swiggy Minis, and pick-up and drop-off services through Genie.