Skip to main content

Posts

Showing posts with the label Swiggy public offering

Swiggy IPO Hits the Markets Today After Raising ₹5,085 Crore via Anchor Investors

 Swiggy, India's leading food delivery giant, launched its highly anticipated initial public offering (IPO) on November 6, 2024, following a successful fundraising of ₹5,085.02 crore from anchor investors. The company aims to raise a total of ₹11,327.43 crore through its IPO, making it one of the most significant offerings in the Indian market this year.  Swiggy IPO Opens Today: Raises ₹5,085 Crore from Anchor Investors Key Details of the Swiggy IPO The Swiggy IPO will remain open for public subscription from November 6 to November 8, 2024. The price band for the IPO is set between ₹371 and ₹390 per share, with the minimum lot size for investors being 38 shares. At the upper end of the price band, investors will need to invest ₹14,820 as a minimum bid. The IPO will consist of two parts: a fresh issue of 11.54 crore equity shares worth ₹4,499 crore and an offer for sale (OFS) of 17.51 crore shares valued at ₹6,828.43 crore. The fresh issue proceeds will help Swiggy fund its bus...