Swiggy IPO: All You Need To Know Before Investing| Top Management Exclusive

The initial public offering (IPO) of Swiggy shall open for bidding on Wednesday, November 6 and can be subscribed until Friday, November 8. The food platform to the quick-commerce company has officially fixed its price band in the range of Rs 371-390 apiece. Investors can apply for a minimum of 38 equity shares and its multiples thereafter. Founded in 2014, Swiggy provides its users with an easy-to-use platform that they can access via a single app to search, select, order, and pay for food (food delivery), grocery and household goods (Instamart) and have orders delivered to their homes via an on-demand delivery partner network. The IPO of Swiggy includes a fresh share sale of Rs 4,499 crore and an offer-for-sale (OFS) of up to 17,50,87,863 equity shares by its existing selling shareholders amounting to Rs 6,828.42 crore. At the upper end of the price band, Swiggy is looking to raise a total of Rs 11,327.42 crore via its IPO. The anchor book for the issue shall open on Tuesday, November 5. Join Sriharsha Majety, Managing Director & Group CEO of Swiggy Limited, and Rahul Bothra, CFO of Swiggy Limited, as they discuss Swiggy’s IPO journey with Business Today TV Managing Editor Siddharth Zarabi.