In the Swiggy IPO, of 13.04 crore shares allocated to anchor investors, 5.3 crore shares went to 19 domestic mutual funds, distributed across 69 investment schemes.
After the recent entry of Mukesh Ambni in the quick commerce business, Swiggy has also become successful in collecting Rs 5,085 crore from anchor investors. Among the investors who were allocated shares are New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund and Schroder International, according to a circular uploaded on BSE’s website.
Swiggy IPO Check GMP, Price Band
Swiggy Limited’s much-anticipated initial public offering (IPO) opened on 6th November 2024, marking the company’s entry into the Indian primary market. The bidding period will remain open until 8th November 2024, giving investors a three-day window to participate. The IPO aims to raise a total of Rs 11,327.43 crore, combining fresh shares and an offer for sale (OFS).
Swiggy IPO: Important Highlights
- Swiggy IPO Grey Market Premium (GMP): Ahead of the official subscription opening, Swiggy shares have been trading at a premium of ₹11 in the grey market, suggesting strong investor interest.
- Swiggy IPO Price Band: The company has set a price range of ₹371 to ₹390 per share for the public issue.
- Swiggy IPO Dates: The IPO bidding window opened on 6th November 2024 and will close on 8th November 2024.
- IPO Size and Fundraising Goal: Swiggy aims to raise ₹11,327.43 crore through this IPO, consisting of both fresh shares and an OFS component.
- Swiggy IPO Lot Size: Investors can apply in lots, with one lot comprising 38 shares.
- IPO Allotment Date: The likely date for allotment is 11th November 2024.
- Swiggy IPO Registrar: Link Intime India Private Limited has been designated as the official registrar for the IPO.
- Swiggy IPO Listing Date: Swiggy is expected to be listed on the BSE and NSE on 13th November 2024.
- Lead Managers for Swiggy IPO: The IPO is managed by major financial institutions, including Kotak Mahindra Capital, Citigroup Global Markets India, Jefferies India, Avendus Capital, JP Morgan India, BofA Securities, and ICICI Securities.
This allocation highlights strong demand from both domestic and international institutional investors, reflecting a positive market sentiment towards this IPO. As per the circular, Swiggy has allotted 13.04 crore shares to 151 funds at Rs 390 apiece. This aggregates the transaction size to Rs 5,085 crore.
Swiggy’s IPO offers an opportunity for investors to gain exposure to a leading player in the Indian food delivery and hyperlocal services industry. With a premium trading indication in the grey market, solid institutional backing, and positive recommendations from analysts, Swiggy’s IPO presents a compelling option for long-term investors.
(With inputs from PTI)
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