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Swiggy IPO GMP: As the IPO of food delivery and quick commerce aggregator company Swiggyis getting closer, the grey market premium (GMP) of the IPO has decreased in the non-listed market. According to several websites that track the grey market premium (GMP) of the non-listed share market, the GMP of Swiggy's IPO on Saturday, November 2 is seen to be only Rs 18. According to IPO Watch, it is at Rs 25, which was Rs 130 a few days ago. That is, there is a huge decline in the GMP of Swiggy's IPO.
When will Swiggy's IPO open?
Swiggy's IPO will launch on November 6 and investors will be able to apply for shares till November 8. The price band of Swiggy's IPO has been fixed at Rs 371 to Rs 390 per share. The minimum lot size for the IPO is 38 shares, for which retail investors will have to invest at least Rs 14,820.
When will the shares be allotted, when is the listing
The allotment date for Swiggy IPO may be Monday, November 11, 2024. Swiggy will be listed on BSE and NSE, with a likely listing date of Wednesday, November 13, 2024.
What is the size of the IPO
The Bengaluru-based food and grocery delivery company filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI) on October 29 for an IPO of Rs 11,327.43 crore.
The IPO will see the sale of 11.54 crore fresh shares worth Rs 4,499 crore and a total of 17.51 crore shares worth Rs 6,828.43 crore through the offer for sale. Individuals selling shares in the IPO include Lakshmi Nandan Reddy Obul (39,147,523 shares), Rahul Jaimini (25,472,982), Sameena Hamied (353,052) and Sriharsha Majety (119,765,245).
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