Swiggy IPO: Price band set at ₹371-390 per share; check GMP, issue details, more

The Swiggy Limited IPO price band has been fixed in the range of ₹371 to ₹390 per equity share of the face value of ₹1. The Swiggy IPO date of subscription is scheduled for Wednesday, November 6, and will close on Friday, November 8. The allocation to anchor investors for the Swiggy IPO is scheduled to take place on Tuesday, November 5.

The floor price and the cap price are 371 times and 390 times the face value of the equity shares. Since the company has incurred a loss in the financial year 2024 based on restated consolidated financial information, the basic and diluted EPS is negative, and hence, the price-to-earnings ratio is not ascertainable. The Swiggy IPO lot size is 38 equity shares and in multiples of 38 equity shares thereafter.

Swiggy IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. Employees are reserved up to 750,000 equity shares. A discount of ₹25 apiece is being offered to the eligible employees.

Tentatively, Swiggy IPO basis of allotment of shares will be finalised on Monday, November 11, and the company will initiate refunds on Tuesday, November 12, while the shares will be credited to the demat account of allottees on the same day following refund. Swiggy share price is likely to be listed on BSE and NSE on Wednesday, November 13.

Read more