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Swiggy IPO Day 3 Highlights: Issue subscribed 3.59 times as QIBs, retail investors lead; check allotment and listing date
7 min read | Updated on November 08, 2024, 17:19 IST
SUMMARY
Swiggy IPO Day 3 Highlights: The money raised will be used to invest in a subsidiary, technology and cloud infrastructure, business promotion and marketing, along with debt repayment, inorganic growth, and general corporate purposes.
Swiggy IPO allotment status is likely to be finalised on Monday, November 11, 2024.
| Sr. No. | Category | No. of Times |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 6.02 |
| 1(a) | Foreign Institutional Investors (FIIs) | - |
| 1(b) | Domestic Financial Institutions (Banks/FIs/Insurance) | - |
| 1(c) | Mutual Funds | - |
| 1(d) | Others | - |
| 2 | Non Institutional Investors | 0.41 |
| 2.1 | Non Institutional Investors (Bid over ₹10 lakh) | 0.37 |
| 2.1(a) | Corporates | - |
| 2.1(b) | Individuals (Other than RIIs) | - |
| 2.1(c) | Others | - |
| 2.2 | Non Institutional Investors (Bid over ₹2 Lakh upto ₹10 Lakh) | 0.50 |
| 2.2(a) | Corporates | - |
| 2.2(b) | Individuals (Other than RIIs) | - |
| 2.2(c) | Others | - |
| 3 | Retail Individual Investors (RIIs) | 1.14 |
| 3(a) | Cut Off | - |
| 3(b) | Price Bids | - |
| 4 | Employees | 1.65 |
| 4(a) | Cut Off | - |
| 4(b) | Price Bids | - |
| - | Total | 3.59 |
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 5.84 |
| Non-institutional investors | 40% |
| Retail Individual Investors (RIIs) | 1.09% |
| Total | 3.48 |
The portion for retail investors got subscribed 1.05% while the category for qualified institutional buyers (QIBs) fetched 4.85 times subscription. The non-institutional investors part received 33% subscription.
- Sriharsha Majety, Managing Director and Group CEO
- Amitesh Jha, CEO- Instamart
- Rohit Kapoor, CEO- Food Marketplace
- Rahul Bothra, Chief Financial Officer
- Nandan Reddy, Whole-time Director and Head of Innovation
- Phani Kishan, Chief Growth Officer
- Girish Menon, Chief Human Resources Officer
- Madhusudhan Rao, Chief Technology Officer
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 4.02 |
| Non-institutional investors | 27% |
| Retail Individual Investors (RIIs) | 1.01% |
| Total | 2.44 |
- Subscription period: November 6-November 8
- Allotment finalisation: November 11
- Refund: November 11
- Demat transfer: November 12
- Listing: November 13
- Sriharsha Majety, Managing Director and Group CEO
- Anand Kripalu, Chairman and Independent Director
- Nandan Reddy, Whole-time Director - Head of Innovation
- Suparna Mitra, Independent Director
- Shailesh Vishnubhai Haribhakti, Independent Director
- Sahil Barua, Independent Director
- Ashutosh Sharma, Nominee Director (Non-Executive)
- Roger Clark Rabalais, Nominee Director (Non-Executive)
- Sumer Juneja, Nominee Director (Non-Executive)
- Anand Daniel, Nominee Director (Non-Executive)
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.57 |
| Non-institutional investors | 22% |
| Retail Individual Investors (RIIs) | 97% |
| Total | 1.09 |
The portion for retail investors got subscribed 96% while the category for qualified institutional buyers (QIBs) fetched 1.24 times subscription. The non-institutional investors part received 37% subscription.
Investors can bid for at least 38 shares or one lot size worth ₹14,098 and in multiples after that.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 92% |
| Non-institutional investors | 18% |
| Retail Individual Investors (RIIs) | 94% |
| Total | 72% |
The retail investors quota was booked 91%, while the NIIs portion fetched a 17% subscription. The part reserved for QIBs was subscribed 46%.
According to the NSE data, the issue has got bids for 5,95,04,922 equity shares against 16,01,09,703 shares on offer on day 3 so far.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 31% |
| Non-institutional investors | 15% |
| Retail Individual Investors (RIIs) | 88% |
| Total | 37% |
Swiggy IPO: The mega-IPO of Food delivery and quick-commerce major Swiggy has received a decent response from retail investors, who subscribed their portion 84% till day two of the bidding.
Swiggy IPO is seeking to raise ₹11,327 crore via a fresh issue of equity shares worth ₹4,499 crore and offer-for-sale worth ₹6,828 crore.
The money raised will be used to invest in a subsidiary (Scootsy), technology and cloud infrastructure, business promotion and marketing, along with debt repayment, inorganic growth, and general corporate purposes.
The initial share sale, which will conclude on Friday, November 8, has set a price band of ₹371 to ₹390 per share.
Swiggy IPO date: Allotment and listing date
The allotment finalisation is expected to occur on Monday, November 11, 2024. The Swiggy IPO listing date is Wednesday, November 13, on the NSE and the BSE.
BofA Securities India Ltd, Avendus Capital Pvt Ltd, JP Morgan India Pvt Ltd, ICICI Securities Ltd, Jefferies India Pvt Ltd, Kotak Mahindra Capital Company Ltd and Citigroup Global Markets India Pvt Ltd are the book-running lead managers for the issue.
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