Swiggy IPO Day 1 Live Updates: Shares of Bengaluru-based Swiggy will be open for public subscription in price bands. from 371 390 from Wednesday, November 6 to Friday, November 8. The food delivery giant has attracted significant interest from institutional investors, collecting The company aims to raise Rs 5,085.02 crore through the anchor book launched on November 5. The IPO will raise Rs 11,327 crore, which will include a fresh issue of value shares. Rs 4,499 crore with an offer for sale (OFS) of Rs. 6,828 crores.
The secondary share includes exits or partial exits by venture capital firms Accel India, Tencent Cloud Europe and Alpha Wave Ventures, with early investors investing in the middle. 11.17 and 178.90 per share, based on the time of his entry into the company, as per the disclosures provided.
The company aims to use the proceeds from the new issue to invest in technology and cloud infrastructure; Brand marketing and business promotion; repaying debts; As well as allocating funds for inorganic growth and general corporate purposes.
Swiggy, founded in 2014, reports losses Slightly more than Rs 611 crore for the quarter ending June 2024 It was Rs 564 crore during the same period a year ago.
Stay tuned for reviews, membership status, etc.
Swiggy IPO Day 1 live updates: Here’s all you need to know about the listed peer
According to the Red Herring Prospectus (RHP), the company’s only listed peer is Zomato (with a P/E of 634.50). According to reports, Swiggy’s valuation is estimated to be around US$11.3 billion (approximately) 95,000 crore) at the highest price band. Meanwhile, rival Zomato, which entered the public markets in July 2021, has a market valuation of 2.13 lakh crore.
Swiggy IPO Day 1 Live Updates: Important Dates to Know
Tentatively, the Swiggy IPO basis of allotment of shares will be finalized on Monday, November 11 and the company will initiate refunds on Tuesday, November 12, while the shares will be credited to the demat account of the allottees on the same day after the refund. Swiggy share price is likely to be listed on BSE and NSE on Wednesday, November 13.
Swiggy IPO Day 1 Live Updates: Check Anchor Investor Details
A day ahead of its initial public offering, food delivery and instant-commerce giant Swiggy on Tuesday announced that it has raised funds Rs 5,085 crore from anchor investors.
The list of investors receiving share allotment includes New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund and Schroder International, as posted on the BSE website. stated in a circular.
Apart from this, shares were also given to ICICI Prudential Mutual Fund (MF), SBI Mutual Fund, HDFC Life Insurance Company Limited, SBI Life Insurance Company Limited and ICICI Prudential Life Insurance Company Limited in the anchor round.
Swiggy IPO Day 1 Live Updates: Check IPO Reservation
Swiggy IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIBs), not more than 15% for non-institutional institutional investors (NIIs), and not more than 10% of the offer. For retail investors. 750,000 equity shares are reserved for employees. discount of Eligible employees are being offered Rs 25.
Swiggy IPO Day 1 Live Updates: Here’s what GMP signals ahead of opening
Swiggy IPO GMP today is +18. This shows that Swiggy’s share price was trading at a premium According to InvestorGain.com, the gray market has 18.
Considering the upper end of the IPO price band and the existing premium in the gray market, the estimated listing price of Swiggy share price is shown here 408 per share, which is 4.62% higher than the IPO price 390.
As per gray market activities in the last 14 seasons, the current GMP 12 shows a declining trend. Minimum GMP has been recorded 0, while the maximum GMP is 25, as reported by experts at InvestorGain.com.
The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.
