Swiggy’s Initial Public Offering (IPO) received a moderate response on the first day, with an overall subscription rate of 12% as of November 6. The IPO, which offers a total of 16 crore shares, has seen bids for approximately 1.88 crore shares, according to data from the NSE.
The retail individual investors (RII) category led the subscription with 54%, while the non-institutional investors (NIIS) segment garnered 6%. Notably, qualified institutional buyers (QIBs) recorded minimal engagement, with only 0.00% of their quota subscribed.
Ahead of the IPO opening, Swiggy secured ₹5,085 crore from anchor investors. The anchor list includes prominent names such as New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland, Fidelity Funds, BlackRock, Allianz Global Investors Fund, and Schroder International.
Swiggy secures ₹5,085 crore from anchor investors at ₹390 per share ahead of IPO
Swiggy’s shares are scheduled to list on the stock exchanges on November 13, while share allotment for subscribers will take place on November 11.
This IPO marks a significant moment for Swiggy as it seeks to strengthen its position in the competitive food delivery and quick-commerce market.
