Market News
2 min read | Updated on November 12, 2024, 09:38 IST
SUMMARY
Swiggy IPO allotment finalised: Typically, investors receive an SMS regarding the allotment. One can also check the status online on the NSE and BSE portals as well as registrar Link Intime India's website.
Swiggy IPO was subscribed 3.59 times during the November 6 to November 8 bidding period.
Swiggy IPO allotment status has been finalised by the company. Investors who participated in the bidding process can check the status online on the websites of registrar Link Intime India Pvt Ltd, BSE and NSE.
The IPO had received a decent response from investors, who oversubscribed the issue 3.59 times. The bidding was led by qualified institutional buyers (QIBs) who subscribed 6.02 times, followed by retail investors who subscribed 1.14 times and non-institutional investors (NIIs) who subscribed 41%.
Typically, investors receive an SMS regarding the allotment. One can also check the status online on the BSE and NSE portals as well as registrar Link Intime India's website.
Shares will be transferred to the Demat accounts of the allotees on Tuesday, November 12. Refunds for unsuccessful investors will be initiated on the same day.
Shares of Swiggy Ltd are likely to be listed on bourses the NSE and BSE on Wednesday, November 13 at 10 am.
The ₹11,327 crore IPO, with a price band of ₹371-₹390 per share, consisted of new equity shares worth ₹4,499 crore and an offer for sale of ₹6,828 crore.
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