Swiggy IPO Subscription: Last Day Review

Swiggy IPO closes today, November 8, 2024, with increased interest from retail investors. Swiggy IPO allotment is likely to be finalised on  November 11, 2024, and it will be listed on BSE and NSE with a tentative listing date of  November 13, 2024. The ₹11,327.43 crore Swiggy IPO price band has been set at ₹371 to ₹390 per share. A retail investor is required to make a minimum investment of ₹14,820 for 1 lot comprising 38 shares.

Swiggy IPO Subscription

At 11:50 AM, Swiggy IPO subscribed 0.36 times. The public issue subscribed 0.46 times in the retail category, 0.46 times in QIB, and 0.08 times in the NII category.

Swiggy IPO offers 29,04,94,914 shares. Out of which 8,69,23,475 (29.92%) to QIB, 4,34,61,737 (14.96%) to NII, 2,89,74,491 (9.97%) to RII, 7,50,000 (0.26%) to employees and 13,03,85,211 (44.88%) to Anchor investors.

About Swiggy Limited

Swiggy Limited, founded in 2014, provides an easy-to-use platform that consolidates a variety of services into a single app. Users can access food delivery, grocery shopping, and household goods through Swiggy’s Food Delivery and Instamart services. The platform also facilitates order placement and payment, offering fast, on-demand deliveries through a network of delivery partners.

The company operates across five key business units:

• Food Delivery – Swiggy’s core offering, which enables users to browse, order, and have meals delivered from a wide range of restaurants.
• Out-of-home Consumption – This includes restaurant visits and events, catering to users who want dining experiences beyond home delivery.
• Quick Commerce – A service focused on the rapid delivery of groceries and household items, fulfilling on-demand needs.
• Supply Chain and Distribution – Swiggy handles business-to-business (B2B) deliveries, including warehousing, logistics, and distribution services for wholesalers and retailers.
• Platform Innovation – This unit drives new initiatives such as Swiggy Genie, which offers product pickups and deliveries, and Swiggy Minis, a hyperlocal commerce platform for smaller transactions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.