Food and grocery delivery giant Swiggy is set to raise ₹11,300 crore through its initial public offering (IPO), which will open for public subscription on November 6. The price band of the upcoming IPO will be priced in the range of ₹371 to ₹390 each, according to PTI report. The IPO will close on November … Read more
However, with most IPOs getting oversubscribed, securing an allotment has become increasingly challenging. To boost their chances, some investors are turning to IPO loan financing—a strategy that allows them to bid for a higher number of shares than their available capital would typically permit. Read this | Why you should approach the SME IPO market … Read more
India seems to have moved from the Coldplay ticket row to the pre-IPO investment gamble—Swiggy’s shares are being sold and re-sold for higher prices in the grey market. Investors have spent the last three years twiddling their thumbs, waiting for the younger half of India’s food-delivery duopoly to finally go public. And with Zomato’s stock, … Read more
Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country. Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified … Read more