Swiggy IPO Opens Today: Subscribed Reached 0.07x on Day 1

Swiggy IPO opens for bidding on November 6, 2024 and closes on November 8, 2024. Swiggy IPO is a book-built issue of ₹11,327.43 crores. The public offering is a combination of a fresh issue of 11.54 crore shares aggregating to ₹4,499.00 crores and an offer for sale of 17.51 crore shares aggregating to ₹6,828.43 crore.

Swiggy IPO allotment is likely to be finalised on November 11, 2024. Swiggy IPO will be listed on BSE and NSE with a tentative listing date of November 13, 2024.

Swiggy IPO price band has been set at ₹371 to ₹390 per share. The minimum lot size for an application is 38 Shares. The minimum amount of investment required by retail investors is ₹14,820.

Swiggy IPO Subscription

On the first day of bidding,  Swiggy IPO subscribed 0.07 times. The public issue subscribed 0.34 times in the retail category, 0.00 times in QIB, and 0.03 times in the NII category at 12:33 PM.

About Swiggy Ltd

Founded in 2014, Swiggy Limited offers a user-friendly platform that allows customers to easily search, select, order, and pay for food, groceries, and household items—all through a single app. With a focus on convenience, Swiggy ensures fast, reliable deliveries via an extensive network of on-demand delivery partners. 

The company operates across five key business units: Food Delivery, Out-of-home Consumption (including restaurant visits and events), Quick Commerce (delivering groceries and household items), Supply Chain and Distribution (offering B2B services such as warehousing and logistics), and Platform Innovation (developing new services like Swiggy Genie and Swiggy Minis).

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.