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  3. Swiggy may be served for public subscription between November 6-8 at va…

Swiggy may be served for public subscription between November 6-8 at valuation of around $11.3 bn

26 Oct 2024

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Key Takeaways

Swiggy's IPO targets Rs 11,700 crore to Rs 11,800 crore, reflecting strong investor interest and positioning amid competitive pressures.

Swiggy's IPO targets Rs 11,700 crore to Rs 11,800 crore, reflecting strong investor interest and positioning amid competitive pressures.

Swiggy

Swiggy

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Expert Analysis

Swiggy Set to Launch Rs 11,700-11,800 Crore IPO from November 6-8, Targeting $11.3 Billion Valuation.

Expert Analysis:

  • IPO Launch Dates: Swiggy is set to launch its mega IPO for public subscription between November 6 to November 8. The anchor book portion is scheduled for November 5.

  • Target Valuation: At the top end of the price band, Swiggy targets an IPO valuation of around $11.3 billion.

  • Primary Component Upsizing: The primary component of the issue has been upsized to Rs 4,500 crore.

  • Total IPO Size: The total IPO size is expected to be between Rs 11,700 crore and Rs 11,800 crore.

  • Fresh Issue and Offer for Sale: The fresh issue component was initially Rs 3,750 crore, with an offer for sale of up to 182,286,265 equity shares.

Publisher:money control