Search icon
Download the all-new Republic app:
NIFTY 50 23,024.65 Down stock -320.10 (-1.37%)
NIFTY 100 23,664.75 Down stock -384.05 (-1.60%)
NIFTY 500 21,433.20 Down stock -375.80 (-1.72%)
NIFTY MIDCAP 50 14,963.00 Down stock -335.45 (-2.19%)
INDIA VIX 17.06 up stock 0.64 (3.89%)
NIFTY MIDCAP 150 19,946.30 Down stock -404.60 (-1.99%)
NIFTY SMALLCAP 50 8,341.95 Down stock -178.30 (-2.09%)
NIFTY BANK 48,570.90 Down stock -779.90 (-1.58%)
NIFTY AUTO 22,303.20 Down stock -368.60 (-1.63%)
NIFTY FMCG 55,622.65 Down stock -115.40 (-0.21%)
NIFTY IT 41,697.95 Down stock -494.85 (-1.17%)
NIFTY MEDIA 1,693.75 Down stock -25.65 (-1.49%)
NIFTY METAL 8,532.10 Down stock -81.25 (-0.94%)
NIFTY PHARMA 21,882.90 Down stock -299.50 (-1.35%)
NIFTY PRIVATE BANK 23,869.30 Down stock -373.35 (-1.54%)
NIFTY REALTY 906.40 Down stock -38.95 (-4.12%)
NIFTY OIL & GAS 10,834.30 Down stock -123.50 (-1.13%)
NIFTY COMMODITIES 8,056.85 Down stock -102.75 (-1.26%)
NIFTY ENERGY 34,308.50 Down stock -662.05 (-1.89%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 23,024.65 Down stock -320.10 (-1.37%)
NIFTY 100 23,664.75 Down stock -384.05 (-1.60%)
NIFTY 500 21,433.20 Down stock -375.80 (-1.72%)
NIFTY MIDCAP 50 14,963.00 Down stock -335.45 (-2.19%)
INDIA VIX 17.06 up stock 0.64 (3.89%)
NIFTY MIDCAP 150 19,946.30 Down stock -404.60 (-1.99%)
NIFTY SMALLCAP 50 8,341.95 Down stock -178.30 (-2.09%)
NIFTY BANK 48,570.90 Down stock -779.90 (-1.58%)
NIFTY AUTO 22,303.20 Down stock -368.60 (-1.63%)
NIFTY FMCG 55,622.65 Down stock -115.40 (-0.21%)
NIFTY IT 41,697.95 Down stock -494.85 (-1.17%)
NIFTY MEDIA 1,693.75 Down stock -25.65 (-1.49%)
NIFTY METAL 8,532.10 Down stock -81.25 (-0.94%)
NIFTY PHARMA 21,882.90 Down stock -299.50 (-1.35%)
NIFTY PRIVATE BANK 23,869.30 Down stock -373.35 (-1.54%)
NIFTY REALTY 906.40 Down stock -38.95 (-4.12%)
NIFTY OIL & GAS 10,834.30 Down stock -123.50 (-1.13%)
NIFTY COMMODITIES 8,056.85 Down stock -102.75 (-1.26%)
NIFTY ENERGY 34,308.50 Down stock -662.05 (-1.89%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 09:08 IST, October 4th 2024

Swiggy gets shareholder nod to upsize IPO fresh issue: Report

Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year.

Reported by: Thomson Reuters
Swiggy | Image: Republic

Swiggy IPO : SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size of fresh issue in its IPO to Rs 5,000 crore from Rs 3,750 crore, people aware of the matter told Reuters on Thursday.

India's red-hot IPO market has already seen around 250 companies raise over $9 billion so far this year, more than double the amount raised in the same period last year, as per LSEG data.

Swiggy 's existing shareholders will sell shares worth Rs 6,664 crore, which remains unchanged.

With the increase of the fresh issue, its initial public offering size will increase to $1.4 billion from $1.25 billion. Swiggy 's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year.

Swiggy did not immediately respond to a Reuters request for comment.

The Bengaluru-based company had filed its draft papers for the IPO last week, reported by Reuters to be targeting a valuation of $15 billion.

Among its investment plans is the expansion of its quick-commerce business called 'Instamart', where rivals including Zomato and Zepto race to delivery everything from groceries to higher-margin electronics in 10 minutes.

Swiggy also competes with Zomato in the food delivery space.
 

Updated 09:08 IST, October 4th 2024

Search icon
Home
Live TV
Union Budget 2025
Markets
News
Companies
Economy
Auto
Money
Technology
Videos
Initiatives
Life
Web Stories
Opinion
Download the all-new Republic app: