Swiggy IPO gets oversubscribed led by QIB bids

Swiggy IPO gets oversubscribed led by QIB bids.

Expert Analysis:

• IPO Oversubscription: Swiggy IPO was oversubscribed 1.07 times by Friday afternoon, the third day of its book-building process.

• Qualified Institutional Buyers (QIBs): Qualified Institutional Buyers (QIBs) oversubscribed their portion of Swiggy's IPO by 1.52 times, investing heavily on the final day.

• Retail and Non-Institutional Investors (NIIs): Non-institutional investors (NIIs) bid for 22%, while retail investors subscribed to 97% of the allocated IPO portion.

• Employee Quota: The portion reserved for employees was subscribed 1.38 times, reflecting strong internal support.

• Anchor Investment Support: Swiggy raised nearly Rs 5,085 crore (approx. $605 million) from anchor investors, including HDFC, ICICI, SBI, Astrone Capital, Fidelity, and BlackRock.