Swiggy Ltd, a major player in India’s food delivery and quick-commerce space, has taken the next step in its fundraising plan by formally launching its qualified institutional placement (QIP) following board and shareholder approvals.
In a filing to the stock exchanges today, Swiggy said its Investment & Allotment Committee has approved the opening of the QIP of equity shares with a face value of ₹1 each, effective December 09.
The committee has set a floor price of ₹390.51 per share, calculated in line with SEBI’s ICDR Regulations. Swiggy also confirmed that it has finalised the preliminary placement document and application form needed for the issue.
The company added that it may offer a discount of up to 5% on the floor price, subject to regulatory clearance. The eventual issue price will be determined in consultation with the book-running lead managers.
Swiggy’s board had earlier in November approved plans to raise up to ₹10,000 crore through a QIP.
The latest fundraising initiative comes at a time when India’s instant-commerce segment is expanding rapidly on the back of strong consumer demand and heightened competition. Startups in the space are racing against giants like Amazon.com Inc. and Walmart-owned Flipkart, building dense networks of micro-warehouses and delivery fleets to offer everything from groceries to electronics at near-instant speeds.
New Labour Code Impact on Swiggy
Under the revised regulations, platforms such as Swiggy will be required to contribute 1–2% of their annual turnover, capped at 5% of the amount paid or payable to gig and platform workers toward social security benefits, adding to their compliance obligations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 10, 2025, 10:09 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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