Swiggy's $1.3 Billion IPO Is Fueled by 13-Minute Deliveries
14 hours ago · Bloomberg News. On a summer afternoon in 2020, Sriharsha Majety logged into an investor call at food-delivery startup Swiggy Ltd. ’s Bengaluru headquarters and pitched a business idea: lightning-fast grocery deliveries. Some investors were skeptical and talks turned heated. India was in the thick of Covid lockdowns, and the online grocery ...
Swiggy's $1.4 Billion IPO Oversubscribed as Investors Bet on …
3 days ago · REUTERS/Francis Mascarenhas/File Photo. By Hritam Mukherjee. (Reuters) -Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as institutional ...
Swiggy IPO 2024 Highlights: Investors look forward to allotment …
4 days ago · Swiggy’s IPO offers a total of 290,494,914 equity shares, with a value of Rs 11,329.30 crore. The breakdown includes 28,974,491 shares for retail investors, 86,923,475 shares for qualified ...
Swiggy IPO allotment today: Check status, GMP, & expected …
13 hours ago · The Rs 11,327.43 crore public offering of Swiggy, priced in a band of Rs 371-390 with a lot size of 38 shares, received bids for 57,53,07,992 shares against the 16,01,09,703 shares on offer, resulting in an oversubscription of 3.59 times by the last subscription date, according to NSE data.
Indian investors lukewarm over Swiggy’s $1.3bn listing
1 day ago · The benchmark Nifty 50 index has fallen 3.5 per cent over the past month with foreign investors dumping a record $11.2bn of Indian equities in October. It comes just weeks after Hyundai’s tepid ...
Exclusive: India finds Zomato, Swiggy food delivery businesses …
3 days ago · Swiggy, which on Friday is closing bids for its $1.4 billion IPO - India's second biggest this year, and Zomato both in recent years also pushed restaurants to maintain a parity on prices ...
Swiggy IPO GMP status ahead of listing; Check allotment status
1 day ago · Swiggy IPO GMP Status. As of November 10, the grey market premium (GMP) for the public issue is at Re 1 per share. Considering the upper price band limit of the share at ₹ 390, the shares are ...
Food-Delivery Platform Swiggy’s India IPO Sold on Final Day
3 days ago · Swiggy Ltd.’s $1.3 billion initial public offering was oversubscribed more than three times on Friday, driven by a late surge in demand from large investors for the Indian food-delivery platform.
Swiggy IPO: Swiggy raises Rs 5,085 crore from anchor investors …
5 days ago · Swiggy and Zomato compete in food delivery and quick commerce via Instamart and Blinkit. Zepto is another prominent player in the quick commerce space, having raised over $1 billion in the past four months. ... Read More News on. Swiggy IPO Swiggy fundraising anchor investors Swiggy valuation $606 million investment zomato hdfc life accel ...
Swiggy IPO allotment today. Check status online on NSE, BSE, …
13 hours ago · Swiggy is expected to finalize its IPO share allotment today, with its debut on the BSE and NSE scheduled for November 13. The IPO received a respectable three-fold oversubscription, and shares are currently trading at a slight premium in the unlisted market. The company plans to utilize the proceeds for investments in technology, brand building, and its subsidiary, Scootsy.
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