Swiggy IPO 2024: Shareholders Approve Increase in IPO Size

Swiggy Secures Approval to Boost IPO Size to Rs 5,000 Crore Amidst Strong Revenue Growth.

Expert Analysis:

• IPO Size Increase: Swiggy has received shareholder approval to increase its IPO size by Rs 1,250 crore.

• Total Primary Issue: The total primary issue is now from Rs 3,750 crore to Rs 5,000 crore, with the Offer for Sale (OFS) unchanged at Rs 6,664 crore.

• Fundraising Goals: The company aims to raise Rs 10,414 crore ($1.25 billion), with a potential extension to Rs 11,664 crore ($1.4 billion).

• Celebrity Investors: The company has attracted notable investors, including Amitabh Bachchan, Karan Johar, Madhuri Dixit, and cricket legends Rahul Dravid and Zaheer Khan.