Swiggy targets $11.3 billion valuation with upcoming IPO launch on November 6; know all about it

Quick Summary:

Swiggy, the food delivery and quick-commerce company, is gearing up for its IPO, aiming for a valuation of $11.3 billion.

The IPO will open for subscription from November 6 to 8, with a price band of Rs 371-390 per share.

The company plans to utilize the proceeds for debt repayment, expansion of its quick commerce network, and technology enhancement.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaBrazilNew ZealandSri Lanka

Topics: Swiggy initial public offering details Swiggy revenue report Swiggy stock Swiggy valuation Swiggy market capitalization Ipo Swiggy IPO Swiggy financial performance Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 20:34:25 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 921 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23434984

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