Swiggy IPO Subscription Status: The IPO of online food delivery company Swiggy opened for subscription today. However, the first day was not at all good for the company. Today, on the first day, investors did not show any interest in Swiggy’s IPO. In no time the entire day passed and the company’s IPO could get only 0.12 times i.e. 12 percent subscription. Let us tell you that Swiggy wants to raise Rs 11,327.43 crore from this IPO through 29,04,46,837 shares. There will be 11,53,58,974 fresh shares worth Rs 4499.00 crore while 17,50,87,863 shares worth Rs 6828.43 crore will be issued through OFS.
IPO got the weakest response from QIB category.
According to NSE data, on Wednesday, out of 8,69,23,475 shares reserved for QIB category, applications were received for only 3,496 shares. The situation in NII category was also similar and out of the reserved 4,34,61,737 shares, applications were received for only 27,53,974 shares. This IPO has received applications for 5,52,900 shares out of 7,50,000 shares reserved for employees. Out of 2,89,74,491 shares reserved in the Retail Investors category, applications have been received for 1,56,70,250 shares.
Swiggy will be listed in the stock market on 13th November
There are still two more days left for the IPO to close. This IPO, which opened on Wednesday, will close on Friday. However, it will be interesting to see how much total subscription this IPO of Swiggy will get. Let us tell you that under this IPO, the company has fixed the price band of Rs 371 to Rs 390 for each share with face value of Re 1. Employees will be given a discount of Rs 25 on each share. After closing on 8th November, allotment of shares will be done on 11th November and then the company will be listed in the stock market on 13th November.
