21 September 2024
Food and grocery delivery startup Swiggy is likely to file its draft red herring prospectus (DRHP) this weekend, according to people close to the developments.
The approval for its confidential filing from the market regulator Sebi is almost through, paving the way for its DRHP, one of the sources above said.
Once it files the DRHP, the company's management will take part in investor roadshows in the coming weeks across India, US, and Singapore. Swiggy's public issue is one of the most anticipated this year, amid a rush of new-age economy IPOs that have taken advantage of a thriving bull market. "The time gap between a DRHP and RHP for a confidential filing is typically lesser as the market Regulator has already gone through the information," said a source.
Food and grocery delivery startup Swiggy is likely to file its draft red herring prospectus (DRHP) this weekend, according to people close to the developments.
The approval for its confidential filing from the market regulator Sebi is almost through, paving the way for its DRHP, one of the sources above said.
Once it files the DRHP, the company's management will take part in investor roadshows in the coming weeks across India, US, and Singapore. Swiggy's public issue is one of the most anticipated this year, amid a rush of new-age economy IPOs that have taken advantage of a thriving bull market. "The time gap between a DRHP and RHP for a confidential filing is typically lesser as the market Regulator has already gone through the information," said a source.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.