Food and grocery delivery startup Swiggy is expected to file its draft red herring prospectus (DRHP) this weekend, according to sources close to the development, reported Moneycontrol. Approval for the confidential filing from market regulator SEBI is almost complete.
Following the DRHP filing, Swiggy’s management is set to embark on investor roadshows across India, the US, and Singapore. This IPO is one of the most anticipated this year, as new-age companies take advantage of a thriving bull market.
Swiggy has not yet commented on the matter.
