Swiggy Limited, India's food delivery and quick commerce company, is prepared to conduct an Initial Public Offering (IPO) with a book-build of Rs 11,327.43 crore. The offering includes a new issue of 11.54 crore shares valued at Rs 4,499 crore, as well as an offer to sell 17.51 crore shares for Rs 6,828.43 crore.
Swiggy Limited IPO Price Band
Swiggy's IPO will start on November 6, 2024 and it will end on November 8.
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Swiggy Limited IPO Allotment And Listing Date
Swiggy Limited's IPO is expected to be allotted by November 11, with shares listing on the BSE and NSE on November 13.
Swiggy Limited IPO Price Band
The Swiggy Limited IPO is priced between Rs 371 and Rs 390 per share, with a minimum lot size of 38 shares, requiring individual investors to invest at least Rs 14,820.
Swiggy Limited IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Swiggy IPO are commanding a GMP in the price range of Rs 15 – Rs 20 in the unlisted market.
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Swiggy has grown beyond food delivery to provide a wide range of services through five business segments. These include Food Delivery and Out-of-Home Consumption, which cover restaurant trips and events, as well as Quick Commerce, which operates Instamart, a grocery and domestic goods business. Swiggy's platform allows users to seamlessly search, select, and pay for things, backed up by a huge on-demand delivery network.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Jefferies India Private Limited, ICICI Securities Limited and Avendus Capital Private Limited are the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)