BAJAJ BROKING

Notification
No new Notification messages
One Mobikwik Systems IPO is Open!
Apply for the One Mobikwik Systems IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Swiggy Gets SEBI Nod for ₹3,750 Crore IPO

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Swiggy's ₹3,750 crore IPO receives SEBI approval. The Bengaluru-based firm aims to raise ₹3,750 crore in fresh capital and ₹6,664 crore via an offer-for-sale by major investors.

Swiggy Gets SEBI Nod for ₹3,750 Crore IPO

Food delivery giant Swiggy has secured approval from the Securities and Exchange Board of India (SEBI) to proceed with its ₹1,250 crore initial public offering (IPO). The Bengaluru-based firm will now file an updated draft red herring prospectus (UDRHP), which will be open for a 21-day public feedback period before the official launch.

The IPO aims to raise ₹3,750 crore in fresh capital, alongside ₹6,664 crore through an offer-for-sale (OFS) from key investors. Prosus, Swiggy’s largest shareholder with a 33% stake, and SoftBank are expected to sell part of their holdings through the OFS. Other investors, including Accel, Elevation Capital, Meituan, Tencent, and GIC, may also participate. The company’s share price strategy is yet to be finalized.

Swiggy's IPO follows a successful year for rival Zomato, whose share price surged 192% since its 2021 IPO.

Source – Economic Times

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text