Food and grocery delivery company Swiggy's initial public offering (IPO) sailed through on Thursday around 12.39 pm receiving bids for 100% of the shares on offer, according to information sourced from the National Stock Exchange.
The qualified institutional bidder (QIB) portion was subscribed 1.33 times, while retail investors had bid for 97% of the shares on offer.
The Rs 11,300-crore IPO comprises fresh capital raise of Rs 4,499 crore and an offer for sale (OFS) of shares worth Rs 6,828 crore.
Swiggy set a price band of Rs 371-390 per share for its public offering. On Tuesday, the company allocated shares worth Rs 5,085 crore to over 75 global and domestic anchor investors.
The qualified institutional bidder (QIB) portion was subscribed 1.33 times, while retail investors had bid for 97% of the shares on offer.
The Rs 11,300-crore IPO comprises fresh capital raise of Rs 4,499 crore and an offer for sale (OFS) of shares worth Rs 6,828 crore.
Swiggy set a price band of Rs 371-390 per share for its public offering. On Tuesday, the company allocated shares worth Rs 5,085 crore to over 75 global and domestic anchor investors.
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