• Source:JND
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Food delivery and quick commerce company 'Swiggy' is set to finalise the allotment basis of its shares on Monday, November 11. This marks a significant development for investors who subscribed to the company's initial public offering (IPO), as they will soon be able to check the status of their share allotment.

Swiggy's IPO, open from November 6 to November 8, 2024, received an overwhelming response, with the issue being oversubscribed 3.59 times. The Rs 11,327.43 crore public issue saw strong demand across categories, with qualified institutional buyers (QIBs) subscribing 6.02 times, non-institutional investors (NIIs) subscribing 41 per cent, and retail investors subscribing 1.14 times.

Swiggy IPO Price Band

The Swiggy IPO offers shares in a price band of Rs 371 to Rs 390, with a minimum lot size of 38 shares, requiring a minimum investment of Rs 14,820 for retail investors.

Swiggy IPO GMP Today

Swiggy IPO’s grey market premium (GMP) is currently between Rs 1-2, indicating a flat listing when the shares debut on the NSE and BSE next week. This suggests that the IPO may not see significant gains in the grey market before its stock exchange listing.

Steps To Check 'Swiggy IPO' Allotment Status On BSE

- You have to visit- https://www.bseindia.com/investors/appli_check.aspx official website to check the IPO allotment status on BSE

 - Next, Select ‘Equity’ in the Issue Type

- Select the IPO from the dropdown under 'Swiggy IPO'

- Enter your PAN or application number.

- Your allotment status will then appear on the screen.

Swiggy plans to use the funds raised from the IPO for technology and cloud infrastructure investment, brand marketing, debt repayment, inorganic expansion, and general corporate purposes.

Swiggy's listing date on the BSE and NSE is November 13, 2024.