Swiggy IPO GMP, Issue Size, Open Date, Price Band, Allotment Status

Swiggy IPO GMP quotation is around Rs 98 per share. The lower and upper price band is expected to be around Rs 160 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date final GMP quote will be available.

Swiggy IPO open date is expected to be in the last week of November 2024. Swiggy IPO DRHP suggests, it is a book-built issue of Rs 10,400 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The amount of fresh issue is expected to be around Rs 3,750 and offer-for-sale is 18.53 crore equity shares.

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Swiggy IPO GMP

Swiggy IPO GMP quotation is around Rs 98 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then Swiggy IPO GMP might rise in the coming days.

Checkout the Video to Know the Interesting Facts of Swiggy IPO

Swiggy IPO Price Band

Swiggy IPO price band is expected to be above Rs 160 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,850 and for small NII minimum investment is to be around Rs 2,01,000. The minimum investment for the Big NII is to be around Rs 10,01,000.

Swiggy IPO Open Date, Close Date

Swiggy IPO open date and close date is expected to be near to 25 November to 29 November 2024. It is expected in the last week of November 2024. However, as of now the open and close date is not yet finalised.

Swiggy IPO Allotment Status

Swiggy IPO allotment status is expected to be finalised in the last week of November 2024. The listing will be on the BSE and NSE platforms in the first week of December. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Swiggy IPO Listing Date

Swiggy IPO listing date is expected to be in the first week of December 2024. The Listing will be on both the exchanges NSE and BSE. Retail investors can sell the shares after 10 AM on the listing day.

Swiggy IPO: Listing Date, Lot Size, Price Band

Swiggy Limited: About the Company

Swiggy Limited was founded in 2014 and is engaged in the business of online food delivery and other services. It provides services like food delivery, quick commerce, same-day package delivery, Laundry, Meal delivery and other services. Swiggy was founded by BITS Pilani graduates Nandan Reddy and Sriharsha Majety. The company's mission is to improve the quality of life in urban cities by offering convenience. The company uses cutting-edge technology and a membership program called Swiggy One to provide a superior experience to its customers.

Swiggy IPO Objectives 

Swiggy IPO objective is to provide better delivery services to its customers and to increase the delivery network. The fund will be used for Investment in technology and cloud infrastructure.

Also for brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments. This IPO fund will be used for the investment in the customer acquisition and investment in a new startup. 

Swiggy IPO: Key Dates, Allotment, Listing Date 

Swiggy IPO Subscription Details, IPO Reservation

Swiggy IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Swiggy IPO Lot Size Details

Swiggy, IPO lot size, is set at (x) shares per lot. For retail, the minimum lot size is 1 lot, amounting to be around Rs 14,850, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

Swiggy IPO Promoter Holdings

Swiggy IPO promoter is Sriharsha Majety. The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline.

Swiggy Limited Company Financials (Amt in Crore)

Swiggy Limited posted revenue of Rs 3,310.11 crore and net loss of Rs -611.01 crore for the period ending on 30 Jun 2024. The company’s revenue increased by 34% and PAT rose by 44% between the FY ending on 31 March 2024 and 31 March 2023. 

Swiggy IPO Registrar

Swiggy IPO registrar is expected to be Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Swiggy IPO Lead Managers

Swiggy IPO lead managers are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited, Avendus Capital Private Limited, J.P. Morgan India Private Limited, Bofa Securities India Limited and ICICI Securities Limited.

How to apply to Swiggy IPO

Interested investors can apply to the Swiggy IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Swiggy IPO Review 

Swiggy IPO may get a positive response from the general public. The company is involved in the Online food delivery business. So, investors interested in the food delivery sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Swiggy IPO GMP will also rise.

Swiggy IPO FAQ

1. What are the details of the Swiggy IPO?

Swiggy IPO is a book-built issue of Rs 10,400 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The amount of fresh issue is expected to be around Rs 3,750 and offer-for-sale is 18.53 crore equity shares.

2. When will the Swiggy IPO open and close?

Swiggy IPO open date is expected to be in the last week of November 2024. The allotment is expected to be in the first week of December 2024.

3. What is Swiggy IPO GMP?

Swiggy IPO GMP quotation is around Rs 98 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed, then Swiggy IPO GMP might rise in the coming days.

4. What are the details of Swiggy IPO reservation?

Swiggy IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment Status?

Swiggy IPO allotment status is expected to be finalised in the last week of November 2024. The listing will be on the BSE and NSE platforms in the first week of December. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Swiggy IPO?

Swiggy IPO registrar is expected to be Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited, Avendus Capital Private Limited, J.P. Morgan India Private Limited, Bofa Securities India Limited and ICICI Securities Limited.

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