Swiggy IPO subscribed 9% so far

6 Nov 2024 , 02:32 PM

Swiggy’s IPO went live today and as of 2:30 pm, the issue had 9% of the total number of subscribers. According to data on the NSE, bids for 1.51 crore of the 16 crore shares offered in the food delivery and quick-commerce company had been received.

New World Fund Inc., Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund, and Schroder International were among the anchor investors who contributed Rs 5,085 crore to Swiggy before to the initial public offering.

With a 45% subscription rate, the retail individual investor category leads, whilst the non-institutional investor segment has a 4% subscription rate. Institutional investors who are qualified have not yet taken part.

Next Wednesday, November 13, Swiggy shares will be listed on the exchanges, and on Monday, November 11, shares will be distributed.

A total of Rs 5,085 crore, or 13.04 lakh shares, were distributed among 151 funds at a price of Rs 390 each. Out of this, 5.3 crore shares were distributed to 69 investment plans among 19 domestic mutual funds.

Furthermore, during the anchor round, shares were distributed to HDFC Life Insurance Company Ltd, SBI Life Insurance Co. Ltd, ICICI Prudential Mutual Fund, SBI Mutual Fund, and ICICI Prudential Life Insurance Company Ltd.

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