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  3. Swiggy IPO 2024: Shareholders Approve Increase in IPO Size

Swiggy IPO 2024: Shareholders Approve Increase in IPO Size

5 Oct 2024

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Key Takeaways

Swiggy's IPO aims to raise up to Rs 11,664 crore, backed by strong revenue growth and significant market demand.

Swiggy's IPO aims to raise up to Rs 11,664 crore, backed by strong revenue growth and significant market demand.

Swiggy

Swiggy

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Expert Analysis

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.

Publisher:Techno Sports