2 weeks Ago By Arjit Saxena
Swiggy has announced an initial public offering (IPO) to raise Rs 11,327.43 crores. The offering includes a fresh issue of 11.
54 crore shares priced at Rs 4,499 crore, as well as an offer to sell 17.51 crore shares valued at Rs 6,828.43 crore.
Swiggy Limited IPO Price Band Swiggy Limited's IPO price band is set between Rs 371-390 per share. The retail investors need to apply for a minimum lot of 38 shares for Rs 14,820. The IPO also contains a reserve of up to 750,000 shares for staff, with a discount of Rs 25 per share.
Swiggy Limited IPO Subscription Window Swiggy Limited's initial public offering (IPO) will open for subscription on November 6, 2024, and will close on November 8, with share allotment expected on November 11. Swiggy plans to list on both the BSE and the NSE on November 13, 2024. Swiggy Limited IPO GMP As per multiple websites that track the grey market premium activities, the shares of Swiggy Limited IPO are commanding a GMP in the price range of Rs 15 - Rs 20 in the unlisted market Swiggy, founded in 2014, offers a comprehensive platform for customers to purchase food, groceries, and household items through a single app, backed by an enormous on-demand delivery network.
The proceeds from the IPO will be used for a variety of projects, including investments in Scootsy, its major subsidiary. This will make it easier to repay borrowed funds, expand its Dark Store network for the Quick Commerce division, and improve technology and cloud infrastructure. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.
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