Swiggy’s IPO shares were oversubscribed 0.47 times, or 47%, as of 10:36 a.m. on the third and final day of bidding on Friday. According to Investor Gain, Swiggy’s gray market premium was Rs 2 as of 7:28 am on November 8.
Swiggy’s IPO aims to raise a total of Rs 11,327.40 crore. The IPO comprises a fresh issue of 11.54 billion shares worth Rs 4,499 million and an offer for sale of 17.51 billion shares worth Rs 6,828.4 million.
The IPO price band has been set between Rs 371 and Rs 390 per share and the minimum application size is 38 shares. With this, the minimum investment amount for retail investors will be Rs 14,820. For non-institutional investors or NIIs, the minimum investment requirement is Rs 2,07,480 for 14 lots (532 shares). Major NII, also known as NII, needs to apply for at least 68 lots (2,584 shares) with a total amount of Rs 1,007,760.
The food delivery business raised Rs 5,085 crore by allocating 13,030 million shares to prominent anchor investors such as Fidelity and BlackRock, with significant participation from domestic investors.
