Swiggy IPO subscription began today in the primary market after the company collected Rs 5,085 crore from anchor investors.

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 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,

As the highly anticipated tech-driven online food delivery giant Swiggy's IPO heats up, the issue of on the second day of its bidding was subscribed 35 per cent. The food delivery and quick-commerce giant's IPO opened for subscription on November 6 and is set to close on November 8.

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's IPO includes a new offering worth ₹4,499 crore, along with an offer-for-sale (OFS) of 175,087,863 equity shares from the company's selling shareholders. In the OFS, the shareholders selling their stakes include Accel India IV (Mauritius) Ltd,

Swiggy plans to raise Rs 4,499 crore in primary capital, while shares worth Rs 6,828 crore are being put up on offer for sale by existing investors. The company has set a price band of Rs 371-390 for the issue.

The initial public offering (IPO) of food delivery major Swiggy was subscribed 12 per cent on Wednesday, the opening day of the issue. Most of the bids came from individual investors, while the qualified institutional buyer (QIB) portion saw only a few bids.