Swiggy IPO closes today, November 8, 2024, with increased interest from retail investors. Swiggy IPO allotment is likely to be finalised on November 11, 2024, and it will be listed on BSE and NSE with a tentative listing date of November 13, 2024. The ₹11,327.43 crore Swiggy IPO price band has been set at ₹371 to ₹390 per share. A retail investor is required to make a minimum investment of ₹14,820 for 1 lot comprising 38 shares.
At 11:50 AM, Swiggy IPO subscribed 0.36 times. The public issue subscribed 0.46 times in the retail category, 0.46 times in QIB, and 0.08 times in the NII category.
Swiggy IPO offers 29,04,94,914 shares. Out of which 8,69,23,475 (29.92%) to QIB, 4,34,61,737 (14.96%) to NII, 2,89,74,491 (9.97%) to RII, 7,50,000 (0.26%) to employees and 13,03,85,211 (44.88%) to Anchor investors.
Swiggy Limited, founded in 2014, provides an easy-to-use platform that consolidates a variety of services into a single app. Users can access food delivery, grocery shopping, and household goods through Swiggy’s Food Delivery and Instamart services. The platform also facilitates order placement and payment, offering fast, on-demand deliveries through a network of delivery partners.
The company operates across five key business units:
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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