Swiggy Share Price in Focus; Successfully Completes ₹10,000 Crore QIP

Swiggy Limited has successfully concluded its Qualified Institutions Placement (QIP), raising ₹10,000 crore through the issuance of equity shares. 

The fundraise, one of the largest in India’s consumer technology space, witnessed participation from a wide base of reputed global and domestic institutional investors, underscoring confidence in Swiggy’s long-term business strategy.

Issue Details and Pricing

The QIP opened on December 9, 2025, and closed on December 12, 2025. Equity shares were issued at ₹375 per share, reflecting a 4% discount to the floor price of ₹390.5 per share, in line with SEBI’s ICDR Regulations, 2018. This transaction stands out as the second-largest QIP by a non-banking company in India.

Strong and Diversified Investor Participation

The issue attracted interest from over 80 investors, with allocations made to 61 participants, including more than 15 new shareholders. Participation was well-balanced across domestic mutual funds, insurance companies, sovereign wealth funds, and foreign institutional investors.

A total of 21 mutual funds took part, including leading names such as SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, Mirae Asset, and Aditya Birla Mutual Fund. 

Additionally, eight domestic insurance companies, including ICICI Prudential Life Insurance and HDFC Life Insurance, invested in the issue. Around 50 global investors, such as Capital Group, GIC, BlackRock, Nomura Asset Management, Temasek, Fidelity, and Goldman Sachs Asset Management, also showed strong interest.

Strategic Use of Proceeds

The funds raised will be deployed to strengthen Swiggy’s growth roadmap. A significant portion will be invested in expanding and operating its quick commerce fulfilment network, including dark stores and warehouses. The company also plans to invest in technology and cloud infrastructure, enhance brand visibility through marketing initiatives, and support inorganic growth through potential acquisitions, along with general corporate purposes.

Management Commentary

Sriharsha Majety, Managing Director and Group CEO of Swiggy Limited, stated that the strong response from both existing and new investors reflects confidence in Swiggy’s fundamentals, execution discipline, and long-term value creation plans. He added that the additional capital provides flexibility to scale core businesses, grow Instamart prudently, and continue investing in innovation.

Advisors to the Issue

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and Citigroup Global Markets India Private Limited acted as Book Running Lead Managers. Cyril Amarchand Mangaldas served as legal counsel to Swiggy, while AZB & Partners and Latham & Watkins advised the lead managers.

Swiggy Share Price Performance

On December 15, 2025, Swiggy share price opened at ₹417.95, up from its previous close of ₹416.50. At 9:38 AM, the share price of Swiggy was trading at ₹410.10, down by 1.54% on the NSE.

Also Read: Swiggy Rolls Out Crew App Service To Mumbai, Bengaluru!

Conclusion

Swiggy’s ₹10,000 crore QIP marks a major milestone, strengthening its balance sheet and positioning the company to accelerate growth, deepen market leadership, and pursue innovation with financial discipline in India’s evolving consumer tech landscape.

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