Swiggy, ACME Solar Holdings among 4 mainboard IPOs open for subscription: Check subscription status & more

If you are also looking forward to participating in the bidding process, here is a snapshot of the key details, such as financials, offer size, and price band, of these four IPOs.

Subscription level

According to stock exchange data, the IPO of Sagility India Ltd. has been subscribed to 2.8 on the third day of bidding so far (till 3:30 pm). Swiggy IPO continues to see a tepid response across investor categories on the second day of bidding, as the public offer has been booked only 34% so far. On the other hand, the ACME Solar IPO has been booked 64% on the second day so far.

According to NSE data, the Niva Bupa Health IPO, which opened for bidding today, has been booked at 63% until 3:30 pm.

Issue size and other details

Swiggy Ltd looks to raise ₹11,327.43 crore through its mega IPO and is the biggest among the four IPOs that are live for bidding. ACME Solar ranks second with an issue size of ₹2,900 crore, followed by Niva Bupa and Sagility India.

Financials

Swiggy Ltd has been in losses for the past three years. However, its revenue rose by 33% in FY24 over the previous fiscal year. Sagility India Ltd reported profits for the second straight year in FY24, while revenue jumped by 12% in FY24.

ACME Solar reported revenue growth of 7% in FY24, while Niva Bupa reported a 44% rise in revenue.

Last three fiscal years revenue growth

Sagility India's revenue CAGR over the past three years (FY22-24) stands at 71.7%. Swiggy has reported a revenue CAGR of 23.8% in the last three financial years from FY22 to FY24. Meanwhile, ACME Solar Holdings FY24 revenue stood at ₹1,466.27 crore compared to the revenue of ₹1,562 crore.

Niva Bupa Health Insurance company Limited's gross written premium grew at a CAGR of 29.7% between FY22 to FY24.

IPO subscription and listing dates

The mainboard issue of Swiggy Limited and ACME Solar Holdings will close for subscription on November 8. On the other hand, Sagility India IPO subscription will close on November 7. The bidding window for Niva Bupa Health IPO will close on November 11.

According to Swiggy Ltd RHP, the online food delivery major will list its shares on the NSE and BSE on November 13. Sagility India will make its market debut on November 12. ACME Solar has proposed to list its shares on November 13, while Niva Bupa shares will start trading on November 14.