Swiggy IPO Set to Shake Up the Market with ₹11,327 Crore Offering

Launch Date: Swiggy’s IPO opens on November 6, 2024, and closes on November 8, 2024​

Price Range: The IPO price band is set at ₹371 to ₹390 per share

IPO Size: The company aims to raise approximately ₹11,327 crore, with ₹4,499 crore from a fresh issue and ₹6,828 crore from an offer for sale

Listing Date: The shares are expected to list on November 13, 2024, on the BSE and NSE

Investor Quotas: 75% is allocated to Qualified Institutional Buyers (QIBs), 15% to Retail investors, and 10% to Non-Institutional Investors (NIIs)​

Retail Minimum Investment: The minimum lot size for retail investors is 38 shares, costing around ₹14,820

Employee Discount: Employees of Swiggy are eligible for a ₹25 discount per share

Company Performance: Swiggy reported a revenue of ₹3,310 crore for the financial year ending June 2024