Swiggy IPO Subscription Status: Online food delivery company Swiggy’s initial public offering opened for subscription today. However, the first day was not good for the company. Today, on the first day, investors did not show any interest in Swiggy’s IPO. Before long the whole day passed and the company’s IPO could only get 0.12 times i.e. 12 percent subscription. Let us tell you that Swiggy wants to raise Rs 11,327.43 crore with this IPO through 29,04,46,837 shares. There will be 11,53,58,974 new shares worth Rs 4,499.00 crore, while 17,50,87,863 shares worth Rs 6,828.43 crore will be issued through OFS.
The IPO had the weakest response in the QIB category.
According to NSE data, out of 8,69,23,475 shares reserved for the QIB category, applications for only 3,496 shares were received on Wednesday. The situation in the NII category was also similar and out of the 4,34,61,737 shares reserved, only applications were received for 27,53,974 shares. This IPO has received applications for 5,52,900 shares out of the 7,50,000 shares reserved for employees. Out of 2,89,74,491 shares reserved under the Retail Investors category, applications have been received for 1,56,70,250 shares.
Swiggy to go public on November 13
There are still two more days until the IPO closes. This IPO, which opened on Wednesday, will close on Friday. However, it will be interesting to see how much total subscription this Swiggy IPO will get. Let us tell you that in this IPO, the company has set the price band of Rs 371 to Rs 390 for each share with face value of Re 1. Employees will get a discount of Rs 25 for each share. Following the close on November 8, the share allotment will take place on November 11 and then the company will go public on November 13.
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