Swiggy IPO Subscription Details on Day 2

7 Nov 2024 , 02:21 PM

Swiggy Ltd’s IPO opened for bidding on 6th November 2024 and will close on 8th November 2024, giving investors a two-day window to participate in the offering. The price band for Swiggy’s IPO is set between ₹371 to ₹390 per equity share.

Through this IPO, Swiggy aims to raise ₹11,327.43 Crore, which includes a combination of fresh issues and offer for sale (OFS), with part of the proceeds going to selling shareholders.

On the first day of bidding, the IPO received a mild response from investors, indicating tepid interest in the subscription. By Day 2, the IPO was subscribed 0.25 times overall, with the retail portion subscribed 0.77 times and the NII (Non-Institutional Investors) portion subscribed 0.11 times.

Swiggy’s IPO allotment date is likely to be 9th November 2024. If allotment is delayed, it may occur by 11th November 2024.

The IPO shares are expected to list on the BSE and NSE on 13th November 2024, marking Swiggy’s entry into the stock exchanges. Swiggy IPO will remain available for bidding until 8th November 2024, providing investors one final day to subscribe before closing.