Swiggy, one of India’s leading food delivery and online services platforms, is set to launch its highly anticipated initial public offering (IPO) on November 6, 2024. The IPO subscription window will remain open for three days, concluding on November 8, 2024.
The IPO, valued at ₹11,300 crore, includes a fresh issue of ₹4,499 crore in primary capital, aimed at supporting Swiggy’s strategic expansion plans and general corporate purposes. Additionally, the offering will feature ₹6,800 crore through an offer for sale (OFS) from existing shareholders, who will be divesting up to 17.5 crore equity shares as part of the offering. The price band for Swiggy’s IPO has been set between ₹371 and ₹390 per share.
This IPO is expected to draw significant investor attention due to Swiggy’s strong market positioning and projected growth in the digital services industry. Further details on pricing and allocations will be disclosed in the prospectus ahead of the IPO’s opening.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to perform their due diligence before investing in any IPO
