Swiggy Share Price in Focus Raises ₹10,000 Crore Through QIP After 4.5x Subscription

Swiggy has advanced with a significant qualified institutional placement, pricing new shares at around ₹375 each. 

The offer drew substantial participation from domestic and global institutions, leading to subscription levels well above the issue size. 

The funds are expected to support the company’s expansion, particularly in its quick commerce operations.

Investor Response to the QIP

Swiggy’s ₹10,000-crore QIP received subscriptions amounting to about 4.5 times the shares on offer. Interest came from both domestic mutual funds and international investors, with a large proportion reportedly taken up by India-based institutions.

Participants included SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund, Kotak Mutual Fund, GIC, Temasek and Capital Group.

Pricing and Dilution

As per news reports, the issue price of approximately ₹375 represents a discount of about 6% to the previous closing price on the BSE. At this valuation, Swiggy will dilute close to 9.6% of its equity. Although the floor price had been set slightly higher, the company retained the option to offer a limited discount for the placement.

Strengthened Balance Sheet

Post-raise, and combined with the expected proceeds from its partial stake sale in Rapido, Swiggy is positioned to hold close to ₹17,000 crore in cash.

This places the company alongside competitor Eternal, the parent entity of Zomato and Blinkit, which currently has a similar cash position.

The capital raise follows Swiggy’s IPO in November 2024, through which it secured around ₹4,500 crore. The quick commerce segment continues to attract investment and competitive activity, with Zepto expected to prepare confidential filings for an upcoming IPO.

Swiggy’s shares closed at ₹395.50 in the previous trading session.

Read More: Eternal CEO Deepinder Goyal Reveals ‘Temple’, a New Brain Blood Flow Monitoring Device.

Conclusion

The strong response to Swiggy’s QIP indicates continued institutional confidence in its operational and expansion plans. With additional liquidity in place, the company appears positioned to develop its quick commerce capabilities while maintaining a stable financial base in a competitive market.

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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.