Swiggy IPO: GMP rises - Check last date to apply, allotment and listing dates

Swiggy IPO subscription update:  Swiggy ’s IPO opened for subscription today, 6 November 2024, aiming to raise Rs 11,327.43 crore. As first day of subscription closed on Wednesday, IPO reached 11 per cent or 0.11 times subscription. 

Retail investors subscribed at 0.52 times, with employee participation at 0.7 times. Non-institutional investors (NIIs) showed limited interest at 0.05 times, and bids from qualified institutional buyers (QIBs) remained absent at time of reporting.

Prior to IPO, Swiggy raised Rs 5,085 crore from anchor investors by allotting 13.04 crore shares to 151 funds at Rs 390 per share.

Swiggy IPO GMP 

company’s shares are tring at a Grey Market Premium (GMP) of Rs 11 in unofficial market, indicating a modest 2.82 per cent premium over issue price.

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.

Last date to apply, listing date

subscription to Swiggy IPO began on November 06 and will continue till November 08. Investors can apply for Swiggy IPO only till 03:30 pm on Friday. 

shares of food delivery major are expected to be listed on November 13. 

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. 

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.

Swiggy IPO price band

For IPO, price band for a share is set at Rs 371 to Rs 390 per share. 

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.