Published 15:57 IST, November 6th 2024
Swiggy IPO opens today: Check GMP, subscription rate, last date to apply
The company’s shares are trading at a Grey Market Premium (GMP) of Rs 12 in the unofficial market, indicating a modest 3 per cent premium over the issue price.
Advertisement
Swiggy IPO opens today: Initial Public Offering ( IPO ) of food delivery major Swiggy has opened today on November 6 with startup planning to raise more than Rs 11,000 crore.
Domestic stock markets which are facing strong volatility ahe of US Presidential Elections 2024, is looking forward to a successful public issue for Zomato ’s key competitor in market.
Advertisement
Here are some of key details you need to know before you apply for Swiggy IPO today:
Swiggy IPO GMP
company’s shares are tring at a Grey Market Premium (GMP) of Rs 12 in unofficial market, indicating a modest 3 per cent premium over issue price.
Advertisement
Swiggy IPO points to a market capitalisation of Rs 87,299 crore, valuing company at 7.7 times its annualised FY24 revenue. In comparison, Zomato is currently valued at a 17 times revenue multiple.
Swiggy IPO size
food delivery platform is raising Rs 11,327.43 crore with issue consisting of 11.54 crore shares that amount to Rs 4,499.00 crore and an offer for sale of 17.51 crore shares worth Rs 6,828.42 crores.
Advertisement
Swiggy IPO lot size and minimum investment
To subscribe to one lot of Swiggy IPO, retail investors will have to spend Rs Rs 14,820 whereas minimum subscription amount for sNII is 14 lots (532 shares) which amounts to Rs 2,07,480. For bNII minimum lot size is 68 (2,584 shares), amounting to Rs 1,007,760.
issue also includes a reservation of up to 750,000 shares for employees at a discount of Rs 25 to issue price.
Advertisement
Swiggy IPO price band
For IPO, price band for a share is set at Rs 371 to Rs 390 per share.
Swiggy IPO dates
Prominent investors in Swiggy
Here are some of top names who have invested in Swiggy:
- Amitabh Bachchan
- Rahul Dravid
- Zaheer Khan
- Rohan Bopanna
- Karan Johar
- Ashish Chowdhry
- Raamdeo Agrawal
- Mhuri Dixit
- Ritesh Malik
startup which emerged as second most popular food delivery platform has expanded its operations to quick commerce and grocery with Instamart and out-of-house consumption for restaurant reservations with Dineout.
company has also launched SteppinOut as a ticketing platform for event bookings along with Genie which offers pickup/drop-off services for products.
10:44 IST, November 6th 2024