Swiggy IPO hits markets today after raising ₹5,085.02 crore via anchor investors

Swiggy's ₹11,327.43 crore initial public offering (IPO) hit the markets on Wednesday, November 6, after raising ₹5,085.02 crore from anchor investors on Tuesday.

Bidding for the food delivery giant's IPO will remain open till Friday, November 8, 2024, and its grey market premium on Wednesday is ₹11.

The Swiggy IPO will open up for public subscription on Wednesday and will be closed on Friday. The allotment may likely be November 11 and the listing date may be November 13.

The price band is set between ₹371 and ₹390 per share.

The company aims to raise ₹11,327.43 crore (considering the upper end of the price band) through a combination of a fresh issue, 

including 11.54 crore equity shares worth ₹4,499 crore and an offer for sale (OFS) of 17.51 crore shares worth ₹6,828.43 crore.

The minimum lot size is 38 shares, which means at the upper end of the price band, investors have to put in ₹14,820 at minimum.

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