Swiggy shares are set to make their market debut on Wednesday, November 13, following the completion of allotment for its public issue on Monday. The initial public offering (IPO) of Swiggy garnered moderate interest from investors, with an overall subscription of 3.59 times by November 8.
The subscription breakdown shows that the retail category was subscribed 1.14 times, reflecting moderate demand from individual investors. The qualified institutional buyer (QIB) segment, however, attracted strong interest, with subscriptions reaching 6.02 times. The non-institutional investor (NII) segment saw a lower subscription level at 0.41 times.
Bengaluru-based Swiggy’s IPO was open for subscription with a price band of ₹371 to ₹390, aiming to raise ₹11,327 crore. This comprised a fresh issue of shares worth ₹4,499 crore and an Offer for Sale (OFS) component amounting to ₹6,828 crore.
Investors who bid for Swiggy IPO can check their allotment status online via the Bombay Stock Exchange (BSE) website or through the registrar for the issue, Link Intime India Private Ltd.
Grey Market Premium (GMP) Update: Swiggy’s IPO initially showed promise in the grey market with a premium of ₹22 a few days before opening for bidding. However, the GMP has since dropped, with the latest as of November 13 morning standing at ₹0. This suggests a lukewarm start for Swiggy shares on their Dalal Street debut, with limited premium expectations in the secondary market.
