Swiggy IPO GMP Today, Swiggy IPO Grey Market Premium Updates |
Swiggy IPO, Latest target, Opening gain
Swiggy IPO began on Oct – Nov 2024. It will close on Oct – Nov 2024. The Total IPO Size is ₹ 10,400.00 Crore Approx. The company set its IPO price is ₹ – to ₹- per share Per Share. There are three basic categories in Swiggy IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-.+Institutional Investors. 3) Retail.
Synopsis. Swiggy has received market regulator approval for its $1.25-billion IPO, signaling strong interest in new-age investments amid India’s consumer boom. The Bengaluru-based company will raise ₹3,750 crore in fresh capital and offer up to ₹6,664 crore through an offer-for-sale.
The IPO aims to raise Rs 3,750 crore in fresh capital and Rs 6,664 crore through an offer-for-sale.
Modern Insulators, a lesser-known firm, has invested in Swiggy by acquiring 1.38 lakh shares at ₹360 per share, valuing the food delivery giant at ₹85,320 crore. This comes as Swiggy prepares for its $1.25 billion IPO. Major investors like Prosus and SoftBank are expected to offload part of their holdings.
The easiest answer to the question, “What is Swiggy” is that it is India’s largest online food ordering and delivery platform. Founded in July 2014, Swiggy is based in Bangalore and operates in 500 Indian cities as of September 2021. Swiggy was founded by BITS Pilani graduates Nandan Reddy and Sriharsha Majety, who had the brilliant idea of changing the way India eats through hyperlocal food delivery.
Swiggy’s business model is based on bridging that very gap. As revolutionary as this idea was, they wanted to keep it simple for users, so the idea of Swiggy, an app that makes food available with a single tap, was born.
Swiggy’s business model is based on hyperlocal on-demand food delivery. It aggregates restaurants and organizes a fleet of delivery partners who deliver on-demand food (in less than 30 minutes).
This unicorn startup, owned and operated by Bundl Technologies Private Limited, followed in Uber’s footsteps and developed a business model based on a dual partnership model. The partners are classified into two groups:
- Restaurant Partners: Restaurants that choose to deliver to customers who use the Swiggy app or website are known as restaurant partners.
- Delivery Partners: They comprise the delivery fleet, tasked with picking up the order from the partner restaurant and delivering it to the end-user.
Swiggy IPO Details:
| Issuer | Swiggy IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Oct – Nov, 2024 | |
| Issue Closes: Oct – Nov, 2024 | ||
| Price Brand | ₹– to ₹– per share | |
| Issue Size | ₹ 10,400.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | – Shares | |
| Retail (Max) | ₹– | |
| QIB | % | |
| HNI | % | |
| Retail Individual Bidders | % | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Shares | |
| UPCOMING IPO 2024 | Best sites for stock market |
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Swiggy IPO GMP Rates day by day
Swiggy IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Swiggy IPO Date, Allotment & Listing:
| Swiggy IPO Opening Date: | Oct – Nov, 2024 |
| Swiggy Green IPO Closing Date: | Oct – Nov, 2024 |
| Basis of Allotment: | Oct – Nov, 2024 |
| Initiation of Refunds: | Oct – Nov, 2024 |
| Credit to Demat Account: | Oct – Nov, 2024 |
| Listing Date: | Oct – Nov, 2024 |
Swiggy Limited Financial Information (Restated)
COMING SOON
Key Performance Indicator
COMING SOON
Objects of the Issue (Swiggy IPO Objectives)
COMING SOON
Swiggy IPO ALLOTMENT STATUS
How to Apply for Swiggy IPO?
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How to Apply Swiggy IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Swiggy”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Swiggy IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Swiggy”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Swiggy IPO?
Swiggy IPO is a main-board initial public offering of Equity shares of the face value of ₹10 aggregating up to ₹ 10,400.00 Crores. The issue price of the IPO is ₹- to ₹- Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Swiggy IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024.
How to apply for Swiggy IPO?
You can apply in Swiggy IPO online using either UPI or ASBA as payment method .
When Swiggy IPO allotment?
The finalization of Basis of Allotment for Swiggy IPO will be done on Oct – Nov, 2024 and the allotted shares will be credited to your demat account by Oct – Nov, 2024
Check the Swiggy IPO allotment status.
When is Swiggy IPO listing date?
The Swiggy IPO listing date is not yet announced. The tentative date of Swiggy IPO listing is Oct – Nov, 2024
What is the lot size of Swiggy IPO?
Swiggy lot size is – Shares and the minimum order quantity is 1 Share.