Swiggy $1.4 billion IPO opens for orders

Swiggy $1.4 billion IPO opens for orders as Indian stocks lose some of their appeal
Indian food and grocery delivery firm Swiggy is expected to see just modest demand from retail investors for its $1.4 billion IPO even after cutting its hoped-for valuation twice, with momentum for domestic stocks having cooled considerably.
Swiggy IPO: Retail portion subscribed 84%, overall 35% shares allotted
Swiggy plans to use the proceeds of IPO to expand its dark store network, make further investments in Scootsy, fund acquisitions and brand marketing.
Swiggy IPO subscribed 35%
The initial public offer (IPO) of Swiggy received 5,56,98,652 bids for shares as against 16,01,09,703 shares on offer, according to stock exchange data at 17:00 IST on Thursday (7 November 2024). The issue was subscribed 0.35 times.
Swiggy's $1.4 billion Indian IPO 12% subscribed on its first day
Food and grocery delivery firm Swiggy's $1.4 billion IPO was 12% subscribed after its first day of bidding, with retail investors placing orders for more than half the shares reserved for them in India's second-largest IPO of 2024.
Swiggy IPO sees muted response, subscribed only 15% so far on day 2. GMP declines to 2%
Swiggy launched its IPO at a reduced valuation of $11.3 billion, down from its earlier target of approximately $15 billion. The company aims to raise around Rs 11,300 crore through the offering, which includes a fresh equity issuance of Rs 4,
Swiggy IPO subscribed 34% on Day 2
During the second day of the share sale on Thursday, Swiggy IPO had a 32% subscription rate. Based on data available with the BSE until 3.30 pm, the food delivery and quick-commerce major’s first share sale attracted bids for 5.41 crore shares out of the 16 crore shares on offer.
Fidelity, Norges among buyers of Swiggy shares in India IPO
Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India's second-largest stock offering this year.
Swiggy IPO: Should you subscribe or buy Zomato stock?
As the initial public offering (IPO) of Swiggy opens for public subscription on Wednesday (November 6), investors are weighing their options: should they subscribe to the issue or invest in the Zomato stock?
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Swiggy IPO Live Updates: Issue booked 15% so far, retail portion subscribed 67%; check latest GMP, other details
The Bengaluru-based firm's initial public offer opened for subscription in a price range of ₹371 to ₹390. This offering takes place alongside several recent IPOs.
Swiggy IPO subscription status day 1: Issue booked 12%, retail leads at 54%; GMP signals muted listing gains
Swiggy IPO subscription began today in the primary market after the company collected Rs 5,085 crore from anchor investors.
Swiggy IPO nets $606 million from institutional investors
Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public ...
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Inside Swiggy Instamart’s ‘Mega Dark Store’ Plan
Swiggy Instamart is doubling down on non-grocery, a mix of 10-minute and 20-minute deliveries and thousands of SKUs with mega ...
Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2
Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO ...
Your Comprehensive Guide to Swiggy IPO
Select Swiggy IPO: Find Swiggy in the IPO listings and click “Apply Now.” Enter Bid Amount: Input your desired bid amount and ...