Swiggy’s IPO marks its official listing on the stock exchange today, November 13, 2024. Ahead of the listing, Zomato shared a warm post on social media, celebrating the event and showcasing camaraderie in the competitive food delivery sector.
You and I… In this beautiful world ❤️ @Swiggy pic.twitter.com/sAFzd8z07E
— zomato (@zomato) November 13, 2024
IPO Details:
Swiggy’s IPO, a book-built issue, raised a total of ₹11,327.43 crore. The offering includes a fresh issue of 11.54 crore shares amounting to ₹4,499 crore and an offer for sale of 17.51 crore shares valued at ₹6,828.43 crore. The IPO bidding window was open from November 6 to November 8, 2024, and allotment was finalized on November 11, 2024.
Pricing and Investment Details:
The price band for Swiggy’s IPO was set between ₹371 and ₹390 per share, with a minimum lot size of 38 shares. Retail investors needed a minimum investment of ₹14,820. Small NII investors (sNII) could apply for a minimum of 14 lots (532 shares), amounting to ₹207,480, while large NII investors (bNII) had a minimum investment requirement of 68 lots (2,584 shares), totaling ₹1,007,760. An additional reservation of up to 750,000 shares was offered to employees at a discount of ₹25 per share.
Swiggy’s listing today on BSE and NSE marks a significant moment in the industry, and its presence is expected to add new dynamics to the market.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
