Swiggy Limited’s initial public offering to open on November 06, 2024

Swiggy Limited plans to debut its initial public offering on November 6, 2024, with bids closing on November 8, 2024. The price range is set at ₹371 to ₹390 per Equity Share, with a minimum bid of 38 shares and multiples of 38 shares thereafter. The offer includes a Fresh Issue of up to ₹44,990 million and an offer for sale of 175,087,863 shares. There is a reservation of 750,000 shares for eligible employees, and the remaining offer, known as the Net Offer, will be made available to the public. 

The shares will be listed on BSE and NSE. The offer follows SEBI regulations, with a portion designated for Qualified Institutional Buyers (QIBs), Anchor Investors, Mutual Funds, Non-Institutional Bidders (NIBs), and Retail Individual Bidders (RIB). Kotak Mahindra Capital Company Limited, J. P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, and other firms are the Book Running Lead Managers for the Offer.

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