Swiggy IPO subscription started on Wednesday, November 6th, and will close on November 8th as per the schedule. The price band is set at ₹371 to ₹390 per share with a face value of ₹1.
Swiggy IPO Subscription Status
Swiggy IPO Subscribed over 0.35x on its second day till 5.00 PM on 7th November.
- Swiggy IPO subscription QIB investors portion is 0.28 times, while NII subscribed 0.14 times and RII investors subscribed 0.84 times.
- The company has received bids for 5,57,86,964 shares against 16,01,09,703 on offer on the second day of subscription.
- Swiggy IPO Subscribed over 0.12x on its day 1.
- Swiggy IPO Subscribed over 0.35x on its day 2.
About Swiggy IPO
Swiggy, headquartered in Bangalore, is the food delivery industry in India. They launched their food delivery service on 1st August 2014, and their main features include quality, variety, reliability, and consistency. Swiggy operates in 580 Indian cities and aims to create a B2C (business-to-consumer) marketplace platform with various restaurant and merchant partners offering different foods. In terms of financial reports, Swiggy’s gross revenue was 17,296.30 in 2024, compared to 14,545.32 in the previous year ending on 30th June. Revenue from operations was 112,473.90 for the financial year 2024, 112,473.90 for 2023, and 57,048.97 for 2022.
Swiggy Company Financial Report
The company reported revenue of ₹11634.35 crores in 2024 against ₹8714.45 crores in 2023. The company reported a loss of ₹2,350.24 crores in 2024 against a loss of ₹4,179.31 crores in 2023.
Swiggy IPO GMP:
Swiggy IPO GMP was ₹15 as of Thursday, November 7th. That indicates the IPO is trading at ₹405 with ₹15 premium in the grey market against the issue price of ₹390.
