Swiggy IPO gets oversubscribed led by QIB bids

Quick Summary:

Swiggy was initially seeking a valuation of $15 billion crore but later updated to $11.3 billion at its upper price band.

The Bengaluru-headquartered company, which competes with publicly listed Zomato and General Catalyst-backed Zepto, has set its IPO price band at Rs 371 - Rs 390 per equity share.

The Sriharsha Majety-led company saw the quota reserved for employees being subscribed 1.38 times.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Subscribed Swiggy Policy Company Terms Information Oversubscribed Investors Process Privacy Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 07:44:07 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 185 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23468620

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