Swiggy IPO subscribed 12% on day one; individual investors bid most

Quick Summary:

Swiggy’s Rs 11,327-crore IPO will be India’s sixth largest in the domestic market and the second largest this year after Hyundai.

At the top end, Swiggy will be valued at Rs 87,300 crore.Swiggy $1.

The retail quota for the IPO is set at only 10 per cent, compared to the typical 35 per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: High net worth individuals Retail investors QIB Rs 11 Price band Secondary share sale Swiggy IPO Valuation Initial public offering Technology investment Dark store network Anchor investors 327 crore IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 19:32:52 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23448250

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