New Delhi: The much talked about Swiggy IPO is all set to be opened on Wednesday for subscription. The food delivery and quick-commerce major Swiggy collected Rs 5,085 crore from anchor investors on Tuesday. The list of anchor investors reflect strong demand from both domestic and international institutional investors.
The investors who purchased shares of Swiggy are as follows – Schroder International, Allianz Global Investors Fund, Nomura Funds Ireland Public Limited Company, Fidelity Funds, New World Fund Inc, Government Pension Fund Global, and BlackRock. Besides these, SBI Life Insurance Co. Ltd, ICICI Prudential Life Insurance Company Ltd, SBI Mutual Fund, HDFC Life Insurance Company Ltd, and ICICI Prudential Mutual Fund (MF) were allotted shares in the anchor round. Anchor investors were allotted 13.04 crore shares, out of which 5.3 crore shares were purchased by 19 domestic mutual funds, and distributed across 69 investment schemes.
Swiggy IPO allotment, listing date
The shares of the Bengaluru-based online food delivery platform will be available for public subscription in the price range of Rs 371 to Rs 390 during November 6-8. The Swiffy IPO allotment is expected to take place on November 11, while the process to initiate refunds to unsuccessful applicants would start on 12th November. The share are likely to be credited to the demat accounts of eligible shareholders on November 12, while the shares will list on BSE and NSE with a tentative date on November 13.
Swiggy IPO GMP today
As per investorgain, Swiggy IPO last GMP stood at Rs on November 6 morning. With the price band of Rs 390 per equity share, Swiggy shares are projected to list at Rs 402, which means a gain of over 3 per cent. It may be noted that the grey market figures are not official figures.
What is Swiggy IPO valuation
Through its initial public offer, Swiggy aims to garner Rs 11,327 crore. At the upper band, the valuation of Swiggy has been pegged at about Rs 95,000. The online food delhivery platform
Informed Sebi that it would utilise the proceeds from the IPO for investing in “technology and cloud infrastructure, brand building and business promotion, debt payment”. In its draft papers, Swiggy also mentioned that the funds will also be used for inorganic growth and general corporate purposes.
In the first quarter of 2024-25, Swiggy reported a loss of Rs 611 crore, as compared to Rs 564 crore in the same period in 2023-24.
