BUSINESS
The allotment date for this IPO is set for November 11, and the listing date is November 13 on both BSE and NSE
The prominent food delivery and quick commerce platform, Swiggy, has been making news with its initial public offering (IPO) that started subscription on November 6, 2024. The fresh equity and offer for sale by existing shareholders would amount to a whopping Rs 11,327.43 crore, according to the company. The move follows Mukesh Ambani’s entry into the quick commerce sector, adding to the fierceness of the industry.
Swiggy's successful sale of Rs 5,085 crore to anchor investors even before the public subscription started was a big boost for its IPO prospects. This is evident from the fact that Swiggy has noted investors such as New World Fund Inc., Government Pension Fund Global, and BlackRock, which shows strong institutional confidence in Swiggy’s growth potential. This was a robust demand by both domestic and international investors, as the company allotted 13.04 crore shares to 151 funds at Rs 390 a share.
The IPO is priced in a range of Rs 371 to Rs 390 per share with a minimum lot size of 38 shares. Retail investors led at around 32 percent as of midday on the first day of the IPO, which had attracted subscriptions of about 7 percent. Swiggy shares are trading in the grey market premium (GMP) of Rs 11, which means there is positive sentiment amongst investors and a listing gain might be on the cards.
The allotment date for this IPO is set for November 11, and the listing date is November 13 on both BSE and NSE. Major financial institutions such as Kotak Mahindra Capital and Citigroup Global Markets India are the lead managers for this offering.
With Swiggy's IPO, not only is it a massive fundraising effort, but it also gives investors a chance to get involved with a leading player in the fast-growing food delivery and quick commerce space in India.
US Election Results LIVE: Donald Trump's victory speech; WATCH HERE
Arjun Kapoor hits back at haters post Singham Again success: 'To everyone who...'
'Let's work for global peace': PM Modi congratulates 'friend' Donald Trump on winning US election
Swiggy's next BIG step, set to challenge Mukesh Ambani ahead of IPO, collects Rs...
Amid divorce rumours, Abhishek Bachchan and Aishwarya Rai set to reunite for...
J-K Assembly passes resolution seeking restoration of special status of erstwhile state
CAT Admit Card 2024 RELEASED: Step-by-step guide to download from iimcat.ac.in
Kiki Hakansson, the first ever Miss World, passes away at 95
This company surpasses Apple as world's biggest company, it's market cap is Rs...
IPL 2025: Mitchell Starc breaks his silence on not being retained by KKR, says, 'I still have not…'
J-K: Encounter breaks out between security forces, terrorists in Kupwara
‘Our relationship with US…’: EAM S Jaishankar on US Presidential Election 2024 Results
Delhi-NCR AQI: No relief from pollution, Delhi air quality remains 'very poor'
Dev Diwali 2024: Dates, significance, how to celebrate, everything you need to know
Israel PM Netanyahu fires Defence Minister Yoav Gallant over 'lack of trust'
Swiggy IPO opens today, aims to garner Rs 11327 crore: Check price band, lot size and more
Raftaar breaks silence on his feud with Honey Singh: 'Aapas mein toh kuch bhi ho sakta hai but...'
DNA TV Show: How US Presidential election results may impact the world
Sharda Sinha dies at 72: Who are there in her family?
Who was Sharda Sinha aka Bihar Kokila, famous for Chhath and Maine Pyar Kiya songs?
Mortal remains of Sharda Sinha being taken to Patna for last rites
Parliament's winter session to begin from Nov 25, to continue till Dec 20
IPL 2025 mega auction dates announced: Check no. of players, venue, where to watch and more
Amid divorce rumours with Abhishek Bachchan, Aishwarya Rai’s ‘1 million dollars’ comment goes viral
Deepinder Goyal reveals customers' reaction to wife Grecia Munoz delivering Zomato orders
Infosys founder Narayana Murthy flirts with Sudha Murty in viral video from Kapil Sharma show
Ajay Devgn's fans don't want Singham Again to become a blockbuster: 'Rohit Shetty jab tak hai...'
Types, Most Popular and Where to Buy Peptides for Bodybuilding
Luxury in the City of Light: SABO Boutique Hotel Brings Elegance to Varanasi’s Sacred Ghats
Virat Kohli, Babar Azam could play for same team as Afro-Asia Cup set for revival
Shaping the Future of Web Apps: Full Stack Developer’s Expertise in API Design and Cloud Deployment
The Role of Artificial Intelligence in Enhancing Software Performance and Security
Mastering Linux for Superior Sound
Amid divorce rumours of Abhishek Bachchan and Aishwarya Rai, Aaradhya praises mother in viral video
AI in Data Warehousing: Future Trends and Innovations
Mukesh Ambani's Reliance Jio IPO worth Rs 840960 crore in 2025: All you need to know
After India's 0-3 loss against New Zealand, Shah Rukh Khan calls Gautam Gambhir...
BIG revelation on Imane Khelif, Olympic gold medallist boxer's medical repot leaked, it confirms…
Meet man who built Rs 152000 crore company, donated Rs 100 crore, now set to lead US firm as...
Visa Uncertainty: Impact of US polls on global talent
Virat Kohli turns 36: IPL franchises send heartwarming birthday wishes to legendary India cricketer
Meet Sanjay Verma, the new DGP of Maharashtra who replaced Rashmi Shukla
Virat Kohli birthday: Anushka Sharma shares first photo of son Akaay and daughter Vamika
CAT 2024 admit card to be out today at iimcat.ac.in; know release time, steps to download
Vikas Divyakirti UPSC Tips: Check strategy to crack IAS exam, aspirants should study for...
Video of Pakistani man putting hand into chained tiger's mouth goes viral, social media reacts
Shalini Passi reveals her husband's connection to Shah Rukh Khan's wife Gauri Khan, they were..
SC upholds validity of UP madrassa law, says it does not violate principle of secularism