Swiggy Limited’s initial public offering (IPO) has reached full subscription, highlighting significant interest across various investor segments. With a total of 16,01,09,703 shares offered, the IPO saw bids for 16,08,92,114 shares, resulting in an overall subscription rate of 1.00 times.
Subscription Breakdown by Investor Category
- Qualified Institutional Buyers (QIBs): The QIB category demonstrated strong demand, with 8,69,23,475 shares reserved and 11,54,02,352 shares bid for, reaching a subscription rate of 1.33 times. Foreign Institutional Investors (FIIs) bid for 9,25,70,622 shares, while Domestic Financial Institutions and Mutual Funds placed bids for 1,25,63,978 and 1,00,79,842 shares, respectively.
- Non-Institutional Investors (NIIs): In the NII category, 4,34,61,737 shares were reserved, but it was subscribed only 0.38 times, with 1,63,85,828 shares bid for. Within this category, those with a bid amount over ten lakh rupees showed a subscription rate of 0.42 times, with 1,22,88,554 shares bid. Those bidding between two lakh and ten lakh rupees subscribed at 0.28 times, with 40,97,274 shares.
- Retail Individual Investors (RIIs): Retail investors reserved 2,89,74,491 shares and bid for 2,80,79,568 shares, resulting in a 0.97 times subscription rate. The bids comprised both cut-off and price bids, with a strong response from the retail segment.
- Employee Reserved: Swiggy’s employees showed the highest demand, with 7,50,000 shares reserved and 10,24,366 shares bid for, achieving a subscription rate of 1.37 times. Employee bids included 8,61,764 shares at the cut-off price and 1,62,602 shares through price bids.
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Swiggy IPO