Zomato After this, now the IPO of another food delivery app Swiggy is coming. Investors are eagerly waiting for this IPO. This is because Zomato's IPO has given excellent returns to investors so far. Now Swiggy has fixed the price band of its IPO. According to the information received, the price band of Swiggy's IPO has been fixed between ₹ 371 to ₹ 390 per equity share of face value of ₹ 1. Investors will be able to invest money in Swiggy IPO from November 6 to November 8. Swiggy IPO lot size is 65 equity shares and thereafter investors will be able to invest money in multiples of 65 equity shares. The latest GMP of Swiggy IPO is ₹25. With a price band of Rs 390, the estimated listing price of Swiggy IPO is ₹415 (cap price + today's GMP).
Swiggy IPO: Allotment and listing date
- When will you get the money: 6th November-8th November
- Allotment: 11 November
- Demat account deposits and refunds: November 12
- Listing on BSE and NSE: 13 November
750,000 shares reserved for employees
Swiggy IPO has reserved at least 75% of the shares in the public issue for qualified institutional buyers (QIBs). Reserve not more than 15% for non-institutional institutional investors (NIIs), and not more than 10% for retail investors. 750,000 equity shares are reserved for employees. A discount of ₹25 per share is being given to eligible employees. Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited, Avendus Capital Private Limited and ICICI Securities are the book-running lead managers to the issue. Link Intime India Private Limited is the registrar.
When will the shares be allotted?
Shares may be allotted to successful investors in the IPO on November 11. At the same time, the company will start the refund on Tuesday, November 12, while after the refund, the shares will be deposited in the demat account of the allottees on the same day. Swiggy's share price is likely to be listed on BSE and NSE on Wednesday, November 13. Swiggy's ₹11,327 crore initial share sale includes a fresh issue of shares worth ₹4,499 crore and an offer for sale (OFS) of 175,087,863 shares.
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