Swiggy IPO subscriptionĀ started on Wednesday, November 6th, and will close on November 8th as per the schedule. The price band is set atĀ ā¹371 to ā¹390 per share with a face value of ā¹1.
Swiggy IPO Subscription Status
SwiggyĀ IPO Subscribed over 0.35x on its second day till 5.00 PM on 7th November.
- SwiggyĀ IPOĀ 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 forĀ 5,57,86,964Ā shares againstĀ 16,01,09,703Ā 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, Swiggyās 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 ā¹11634.35 crores in 2024 against ā¹8714.45 crores in 2023. The company reported a loss of ā¹2,350.24 crores in 2024 against a loss of ā¹4,179.31 crores in 2023.
Swiggy IPO GMP:
SwiggyĀ IPO GMPĀ was ā¹15 as of Thursday, November 7th. That indicates the IPO is trading at ā¹405 with ā¹15 premium in the grey market against the issue price of ā¹390.
