• Source:JND
Add as a preferred

Swiggy IPO Price Band:  Swiggy Limited has set the price band at Rs 371 to Rs 390 per equity share for its Initial Public Offering (IPO). The highly anticipated IPO will open for subscription between November 6 and November 8. A day before opening, November 5, will be a day for anchor investors.

Swiggy IPO Lot Size And Quota Allotment

The lot size for Swiggy's IPO is 65 equity shares and then in multiples of 65 equity shares. Swiggy has reserved at least 75% of the allocated shares for qualified institutional buyers (QIBs), up to 15% for non-institutional institutional investors (NIIs), and will have a quota of up to 10% of retail investor offers. For employees who have reserved up to 750,000 equity shares of the company, they will get a discount of Rs 25 each.

Swiggy IPO GMP Today 

The Shares of Swiggy are trading at a premium of 25 rupees in the grey market. According to investorgain.com, Swiggy Shares are trading at Rs 415, up 6.41% or Rs 25 against Rs 390 price band.

Also Read: Dhanteras 2024: Senco Gold And Diamonds Launches Shagun Collection

Swiggy IPO Listing And Share Allotment Date

The allotment of shares on a tentative Swiggy IPO basis will be finalized on Monday, November 11. The company will initiate the refund on Tuesday, November 12. The shares will be credited to the demat accounts of the allottees on the same day following the refund. Swiggy shares are expected to be listed on both the exchanges—BSE and NSE—on November 13.

Swiggy is an online food delivery and quick commerce site, through its app it allows customers to search,  place orders, and pay for food, groceries, and other essential products (Instamart).  Your orders will be delivered to your door through a network of on-demand delivery partners.

Swiggy's IPO consists of a fresh share sale of Rs 4,499 crore and an offer for sale (OFS) of up to 17,50,87,863 equity shares worth Rs 6,828.42 crore by its present shareholders. At the top end of the price range, Swiggy is seeking to raise a total of Rs 11,327.42 crore via an IPO.

Also Read: Stock Market: Sensex, Nifty Settle Higher For Second Straight Day; SBI, ICICI Bank Top Gainers