Swiggy IPO: 10 points you need to know ahead of ₹11,327 crore public offer opening

Swiggy IPO: 10 key things to know

• Swiggy IPO subscription period: The initial public offering will be open from Wednesday, November 6 to Friday, November 8.
• Swiggy IPO anchor bidding: The bidding for anchor investors will be open for a day on Tuesday, November 5.
• Swiggy IPO price band: The price range for the food aggregator's issue is fixed at ₹371 to ₹390 per share.
• IPO offer structure: The initial share sale consists of 11.56 crore shares worth ₹4,499 crore and an offer-for-sale of 17.61 crore equity shares valued at ₹6,828.43 crore.
• Reservation: The company has set aside 75% of the net issue for qualified institutional buyers (QIBs), 10% is reserved for retail investors and the remaining 15% for non-institutional investors.
• Swiggy IPO lot size: Investors can subscribe to at least one lot size of 38 shares worth ₹14,098 and in multiples after that.
• Objective: The fresh issue proceeds will be used to repay debt, invest in the dark store of its subsidiary Scootsy, invest in cloud infrastructure and technology, and invest in branding, acquisitions, and general corporate purposes.
• Book-running lead manager and registrar: Jefferies India Private Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, Avendus Capital Pvt Ltd, and ICICI Securities Limited are the issue's book-running lead managers. Link Intime India is the IPO's registrar.
• Swiggy IPO allotment date: The allotment status will likely be finalised on November 11.
• Swiggy IPO listing date on NSE and BSE: Shares of Swiggy are likely to make their Dalal Street debut on November 13.

Swiggy IPO date: About the company

Swiggy, established in 2013, is a hyperlocal commerce platform. The company launched food delivery and quick commerce services in 2014 and 2020, respectively.