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.
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