Swiggy Limited IPO GMP

Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app - to browse, select, order and pay for food (“Food Delivery”), grocery and household items (“Instamart”), and have their orders delivered to their doorstep through their on-demand delivery partner network. 

Swiggy, an Book Built Issue amounting to ₹11,327.42 Crores, consisting an Fresh Issue of 1,153.58 Lakh Shares worth ₹4,499 Crores and an Offer for Sale of 1,750.87 Lakh Shares totalling to ₹6,828.42 Crores. The subscription period for the Swiggy IPO opens on November 06, 2024, and closes on November 08, 2024. The allotment is expected to be finalized on or about Friday, November 11, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Wednesday, November 13, 2024.

The Share price band of Swiggy IPO is set at ₹371 to ₹390 per equity share. The Market Capitalisation of the Swiggy Limited at IPO price of ₹390 per equity share will be ₹87,298.60 Crores. The lot size of the IPO is 38 shares. Retail investors are required to invest a minimum of ₹14,820, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (532 shares), amounting to ₹2,07,480.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited and Avendus Capital Private Limited are the book-running lead manager while LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. 

Swiggy Limited IPO GMP Today
The Grey Market Premium of Swiggy Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Swiggy Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 08 November 2024, the Swiggy IPO live subscription status shows that the IPO subscribed 3.59 times on its Final day of subscription period. Check the Swiggy IPO Live Subscription Status today at BSE.

Swiggy IPO Anchor Investors Report
Swiggy has raised ₹5085.02 Crores from Anchor Investors at a price of ₹390 per shares in consultation of the Book Running Lead Managers. The company allocated 13,03,85,211 equity shares to the Anchor Investors. Check Full List of Swiggy Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

SwiggyLimited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online  
Swiggy IPO allotment date is 11 November, 2024, Friday. Swiggy IPO Allotment will be out on 11th November 2024 and will be live on Registrar Website from the allotment date. Check Swiggy Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Swiggy Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Swiggy Limited IPO
Swiggy Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,648.00 Million will be used for Investment in their Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
2. ₹11,787.00 Million will be used for Investment in their Material Subsidiary, Scootsy, for:
    (a) ₹7,554.00 Million will be used for expansion of the Dark Store network for their Quick Commerce segment through setting up of Dark Stores; and
    (b) ₹4,233.00 Million will be used for making lease / license payments for Dark Stores;
3. ₹7,034.00 Million will be used for Investment in technology and cloud infrastructure;
4. ₹11,153.00 Million will be used for Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of the platform, across their segments; and
5. Funding inorganic growth through unidentified acquisitions and general corporate purposes. 

Refer to Swiggy Limited RHP for more details about the Company.