Swiggy IPO: Last Day To Subscribe Today - Check Allotment Date, Listing Date, GMP

Swiggy IPO:  Swiggy Limited’s initial public offering ( IPO ), which opened on 6 November 2024, closes today, 8 November. The IPO has received a mixed response, with an overall subscription of 0.35 times. 

Swiggy IPO GMP

The grey market premium or GMP for Swiggy's IPO currently stands at 5 per cent, or Rs 20 in the unlisted market. This marks a tepid upside from the price band of  Rs 371 to Rs 390 per share.

However, the GMP has seen an upside since the opening day where the premium per share stood at nearly Rs 12. 

Swiggy IPO Allotment Date

Swiggy Limited's IPO allotment process will conclude on Monday, 11 November 2024. Refunds, if applicable, will be initiated the following day, 12 November. 

Shares of the food delivery company are anticipated to list on the stock exchange on 13 November, with investor interest closely monitored for Swiggy's debut.

Swiggy IPO Subscription Status

By November 7, the retail category had been subscribed 0.84 times, showing modest interest from individual investors. Meanwhile, institutional interest remains low, with the Qualified Institutional Buyer (QIB) segment subscribed at 0.28 times, and the Non-Institutional Investor (NII) category at just 0.14 times.

Should You Invest in Swiggy IPO? 

Market analysts have issued varied ratings for the Swiggy IPO. Canara Bank Securities and DRChoksey FinServ recommended subscribing to the issue, while Swastika Investmart and SBICAP Securities suggested a conditional ‘May Apply’ rating. Capital Market maintained a neutral stance on the IPO.

Prominent investors in Swiggy

Here are some of the top names who have invested in Swiggy: 

• Amitabh Bachchan 
• Rahul Dravid
• Zaheer Khan
• Rohan Bopanna 
• Karan Johar 
• Ashish Chowdhry
• Raamdeo Agrawal
• Madhuri Dixit
• Ritesh Malik

The startup which emerged as the 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.