Swiggy IPO Allotment Date and Time
Swiggy's Rs 11,327-crore Initial Public Offering (IPO) was fully subscribed on the final day of the share sale on Friday, with the total subscription reaching 3.59 times.
Swiggy IPO
The latest data reveals that Swiggy's IPO consists of a fresh issue of shares worth Rs 4,499 crore, along with an offer for sale (OFS) valued at Rs 6,828 crore.
Swiggy's Rs 11,327-crore Initial Public Offering (IPO) was fully subscribed by the final day of the sale on Friday, with the issue oversubscribed 3.59 times. The IPO comprises a fresh issue of shares worth Rs 4,499 crore and an offer for sale (OFS) of Rs 6,828 crore. At the upper end of the pricing range, Swiggy is valued at over USD 11.3 billion (around Rs 95,000 crore).
Swiggy IPO Subscription Status:
The IPO saw bids for 57.53 crore shares against the 16.01 crore shares available, resulting in a 3.59 times subscription, as per the National Stock Exchange (NSE) data. The Qualified Institutional Buyer (QIB) portion was oversubscribed 6.02 times, while Retail Individual Investors (RIIs) subscribed 1.14 times. The Non-Institutional Investor portion received 41% of the total subscription.
Swiggy IPO Allotment Date and Time:
The Swiggy IPO allotment status is expected to be announced on November 11, 2024.
To check your IPO allotment status, you can follow these steps:
On the BSE Website:
1. Visit BSE IPO Status (https://www.bseindia.com/investors/appli_check.aspx).
2. Select the issue name (Swiggy) from the drop-down menu.
3. Enter your application number or PAN number to check the status.
On the Registrar's Website (Link Intime India):
1. Go to Link Intime IPO Status (https://linkintime.co.in/initial_offer/public-issues.html).
2. Select Swiggy IPO from the list.
3. Enter your PAN details and click "Search" to view the status.
Swiggy IPO GMP (Grey Market Premium):
As of November 10, 2024, Swiggy's Grey Market Premium (GMP) stands at Rs 1. This indicates that the IPO is likely to list at Rs 391 (price band of Rs 390 + GMP). The estimated gain per share is around 0.26%.
Swiggy IPO Details:
Swiggy plans to utilise the funds raised from the IPO for several purposes, including:
- Investing in technology and cloud infrastructure
- Brand marketing and business promotion
- Debt repayment and inorganic expansion
- General corporate purposes
The book-running lead managers for the offer are Kotak Mahindra Capital Company, JP Morgan India, Citigroup Global Markets India, BofA Securities India, Jefferies India, ICICI Securities, and Avendus Capital.
