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Food and grocery delivery company Swiggy's initial public offering (IPO) sailed through on Thursday around 12.39 pm receiving bids for 100% of the shares on offer, according to information sourced from the National Stock Exchange. US Election 2024 US Election Result Live Updates Swing state results deciding who'll be new POTUS Trump vs Harris: Who’s winning which state? Full list The qualified institutional bidder (QIB) portion was subscribed 1.
33 times, while retail investors had bid for 97% of the shares on offer. The Rs 11,300-crore IPO comprises fresh capital raise of Rs 4,499 crore and an offer for sale (OFS) of shares worth Rs 6,828 crore. Swiggy set a price band of Rs 371-390 per share for its public offering.
On Tuesday, the company allocated shares worth Rs 5,085 crore to over 75 global and domestic anchor investors. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories.
