Swiggy's $1.4 billion India IPO fully sold as big investors swoop in
Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of India's second-largest share sale this year.
Swiggy IPO oversubscribed by 3.59x led by QIBs, employees
Swiggy's IPO oversubscribed 3.59 times, with a price band of ₹371-₹390 per share, aiming to boost quick commerce.
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 offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week.
Swiggy's $1.4 billion IPO oversubscribed as investors bet on quick-commerce boom
Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India's second-largest share sale this year.
Swiggy IPO oversubscribed as QIBs do final-day heavy lifting
Except for the portion set aside for non-institutional investors, which include corporates and HNIs, other categories were oversubscribed. Non-institutional investors bid for only 41% of the shares reserved for them in this second-largest IPO in India this year after Hyundai Motor India.
Swiggy IPO Oversubscribed, Likely to Deliver in the Long Term
Swiggy launched its initial public offering (IPO) on November 6, 2024, with an opening price of INR 371-390 per share.
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