Swiggy IPO: Price band set at ₹371-390 per share; check GMP, issue details, more
4 months, 4 weeks ago

Swiggy IPO: Price band set at ₹371-390 per share; check GMP, issue details, more

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The Swiggy Limited IPO price band has been fixed in the range of ₹371 to ₹390 per equity share of the face value of ₹1. The company operates five business units, which encompass Food Delivery; Out-of-home consumption, covering restaurant outings and events; Quick Commerce, focusing on the on-demand delivery of groceries and household goods; Supply chain and distribution, including business-to-business deliveries, warehousing, logistics, and distribution for retailers and wholesalers; and Platform innovation, aimed at new initiatives and services like Swiggy Genie and Swiggy Minis. Swiggy IPO details Swiggy's IPO includes a new offering worth ₹4,499 crore, along with an offer-for-sale of 175,087,863 equity shares from the company's selling shareholders. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Swiggy share price is indicated at ₹415 apiece, which is 6.41% higher than the IPO price of ₹390.

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