• Source:JND
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Swiggy IPO:  The Rs 11,327.43 crore initial public offering of Swiggy, a food delivery and quick commerce firm, opened for retail investors today i.e. November 6. Investors can place a bid in a lot of at least 38 shares till November 8. The company has set a price band at Rs 371-390. In a pre-IPO placement, the company has onboarded various celebrities and high-net-worth individuals and that has created a buzz around share sales. However, the buzz is not translating in the grey market as shares are struggling to get high premiums in the unofficial market.

Swiggy IPO Subscription Status 

Till 10:54 am, the Siwggy IPO was subscribed 0.04 times. The Section reserved for retail investors got 0.20 times or 2% bid, while shares reserved for non-institutional investors got 0.02 times subscription. Employee's section subscribed 0.31 times.

Swiggy IPO Latest GMP

Swiggy GMP: The grey market premium of Swiggy is not showing signs of a strong debut of shares on listing day. According to investor gain.com, Swiggy's shares are trading at a premium of Rs 12 in the unofficial market. The shares are trading at Rs 402, up 3.08% or Rs 12 against Rs 390 IPO's price. 

Swiggy IPO information

Swiggy IPO Bidding Dates

The bidding for the Swiggy IPO will commence on Wednesday, November 6th and will close on Friday, November 8th. The allotment of shares will be finalized on November 11th and the company will deposit and refund the equity shares in the demat accounts of eligible investors on November 12th. The listing date of Swiggy shares is expected to be November 13th.

Swiggy IPO quota allocation

Approximately 75% of the Swiggy IPO shares are reserved for qualified institutional bidders (QIBs), whereas 15% of the share sale is reserved for non-institutional investors (NIIs). Retail investors will hold 10% of the IPO size. Swiggy has reserved up to 750,000 shares for employees at a discount of Rs 25 to the issue price.

Swiggy IPO size

The Swiggy IPO combines a fresh issue of 11.54 crore equity shares worth Rs 4,499 crore and an offer for sale of 17.51 crore shares worth Rs 6,828.43 crore. The online food delivery and quick commerce site aims to raise Rs 11,327.43 crore from its initial public offering.

Swiggy IPO price bands and lot sizes

Swiggy has fixed a price band of Rs 371 to Rs 390 per share for its initial public offering, whereas the food delivery firm’s IPO lot size is 38 shares, which means that a minimum investment of Rs 14,820 is required for retail investors to bid.

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