Looking to invest in Swiggy IPO? Here are 10 things you should know
Hindustan TimesThe Swiggy IPO is currently on its second day of bidding on Thursday, November 7, 2024. The Swiggy IPO was opened up for public subscription on Wednesday, November 6, and will close on Friday, November 8 On day 2, the public issue had been booked 24% so far, according to a Mint report which added that the retail portion has been subscribed 74%. The company aims to raise ₹11,327.43 crore through a combination of a fresh issue including 11.54 crore equity shares worth ₹4,499 crore and an offer for sale of 17.51 crore shares worth ₹6,828.43 crore. Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, JP Morgan India, BofA Securities and ICICI Securities are the book running lead managers, while Link Intime India Private Ltd is the registrar. Investors who are selling shares for the OFS include Accel India IV Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V, Elevation Capital V Ltd, Inspired Elite Investments Ltd, MIH India Food Holdings B.V, Norwest Venture Partners VII-A Mauritius and Tencent Cloud Europe B.V. Also Read: 'Greatest cutter': What role could Elon Musk play in Donald Trump administration?