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Swiggy IPO Day 1 Live Updates: Bengaluru-based Swiggy's shares will be open for public subscription in the price band of 371 to 390 from Wednesday, November 6 to Friday, November 8. The food delivery giant has attracted significant interest from institutional investors, collecting 5,085.02 crore through the anchor book launched on November 5.
The company aims to raise 11,327 crore from the IPO, which will include a fresh issue of shares valued at 4,499 crore alongside an offer for sale (OFS) of 6,828 crore. The secondary share involves exits or partial exits by venture capital firms Accel India, Tencent Cloud Europe, and Alpha Wave Ventures, with early investors having put in between 11.17 and 178.
90 per share, based on their entry timing into the company, according to the disclosures provided. The company aims to use the proceeds from the new issue for investments in technology and cloud infrastructure; brand marketing and business promotion; repaying debt; as well as allocating funds for inorganic growth and general corporate purposes. Swiggy, established in 2014, reported a loss of 611 crore for the quarter that ended in June 2024, slightly increasing from 564 crore during the corresponding period a year ago.
Swiggy IPO Day 1 Live: Details of book-running lead managers and registrar Kotak Mahindra Capital Company, Citigroup Global Markets India Private Limited, Jefferies India Private Limited, Avendus Capital Private Limited, JP Morgan India Private Limited, BofA Securities India Limited and ICICI Securities Limited are the book-running lead managers to the issue. Meanwhile, Link Intime India Private Limited is the registrar for Swiggy's IPO. Swiggy IPO Day 1 Live: Here's what Swastika Investmart says about the issue Swiggy IPO Day 1 Live: 8 key things to know about the issue Swiggy IPO Day 1 Live Update: Here's all you need to know about the listed peer As per the red herring prospectus (RHP), the company's sole listed peer is Zomato (with a P/E of 634.
50). According to reports, Swiggy's valuation is estimated to be around USD 11.3 billion (approximately 95,000 crore) at the highest price band.
Meanwhile, competitor Zomato, which entered the public market in July 2021, has a market valuation of 2.13 lakh crore. Swiggy IPO Day 1 Live Update: Important dates to know Tentatively, Swiggy IPO basis of allotment of shares will be finalised on Monday, November 11, and the company will initiate refunds on Tuesday, November 12, while the shares will be credited to the demat account of allottees on the same day following refund.
Swiggy share price is likely to be listed on BSE and NSE on Wednesday, November 13. Swiggy IPO Day 1 Live Update: Check out anchor investor details A day prior to its initial public offering, food delivery and quick-commerce giant Swiggy announced on Tuesday that it has raised 5,085 crore from anchor investors. The list of investors who received share allocations includes New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund, and Schroder International, as stated in a circular posted on BSE's website.
Furthermore, ICICI Prudential Mutual Fund (MF), SBI Mutual Fund, HDFC Life Insurance Company Ltd, SBI Life Insurance Co. Ltd, and ICICI Prudential Life Insurance Company Ltd were also granted shares in the anchor round. Swiggy IPO Day 1 Live Update: Check out IPO reservation Swiggy IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
Employees are reserved up to 750,000 equity shares. A discount of 25 apiece is being offered to the eligible employees. Swiggy IPO Day 1 Live Update: Here's what GMP signal's ahead of opening Swiggy IPO GMP today is +18.
This indicates Swiggy share price was trading at a premium of 18 in the grey market, according to investorgain.com. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Swiggy share price is indicated at 408 apiece, which is 4.
62% higher than the IPO price of 390. According to the grey market activities over the last 14 sessions, the present GMP of 12 indicates a downward trend. The minimum GMP recorded is 0, while the maximum GMP stands at 25, as reported by experts at investorgain.
com. 'Grey market premium' indicates investors' readiness to pay more than the issue price..
