Swiggy IPO: Opening Date, Price, Size, All You Need to Know

Swiggy IPO | Internet Desk: The first public offering ( IPO ) of leading food delivery company Swiggy is going to start soon. After getting the green signal from SEBI, the investors are eagerly waiting for the entry into the market. Related sources said that its subscription is going to start from November 6.

Swiggy hopes to raise around Rs 10,000 crore through the IPO. With the issue of fresh shares worth Rs.3,750 crore, 182,286,265 shares will be sold under the offer sale. Anchor is looking to raise Rs 750 crore from investors. It seems that the subscriptions will end on November 8. It will start a day earlier for anchor investors. The price range details are yet to be revealed.

This Bangalore-based startup was founded in 2014. It is looking to become a company valued at $15 billion through an IPO. The company was valued at $10.7 billion when it last raised funds in 2022. It is known that draft documents were submitted to SEBI through confidential channel on April 30. In the same segment, Zomato, which entered the market in 2021, was listed at a premium of 52 percent over the IPO price. Even then, the shares are doing well.