Swiggy IPO: GMP, Subscription Status, Rating, Other Details. Should you apply?

Swiggy IPO: The initial public offering (IPO) of Swiggy Limited hit the Indian primary market on November 6, 2024. Bidding for Swiggy’s IPO will remain open till November 8, 2024. This means that the Swiggy IPO plan will remain open from Wednesday to Friday this week. The online food delivery company has set the Swiggy IPO price range at ₹371 to ₹390 each. The company aims for an increase ₹11,327.43 crore of this initial offer, a mix of new shares and offered for sale (OFS). Meanwhile, company shares are available in the gray market ahead of the Swiggy IPO plan opening date. According to stock market observers, Swiggy shares are trading at a premium of ₹11 on the gray market today.

Swiggy IPO Details

1] Swiggy IPO GMP: According to stock market observers, the company’s shares are trading at a premium of ₹11 on the gray market today.

2]Swiggy IPO Price: The price range for public issues of the online food delivery company is set at ₹371 to ₹390.

3]Swiggy IPO Date: Bidding for the public issue remains open from November 6 to 8, 2024.

4]Swiggy IPO Size: The company aims for an increase ₹11,327.43 from this initial offer, which will consist of a mix of new shares and OFS.

5]Swiggy IPO Lot Size: A bidder can register in lots, and in one lot of the bookbuild edition, 38 company shares are compared with each other.

6]Swiggy IPO Allotment Date: The most likely date for the allocation of shares is Saturday, November 9, 2024.

7]Swiggy IPO Registrar: Link Intime India Private Limited has been appointed the official registrar of the bookbuild publication.

8]Swiggy IPO Listing Date: It is proposed to list the bookbuild issue on the BSE and NSE. The most likely date for a share listing is November 13, 2024.

9]Swiggy IPO Lead Managers: Kotak Mahindra Capital, Citigroup Global Markets India, Jefferies India, Avendus Capital, JP Morgan India, BofA Securities and ICICI Securities have been appointed as Lead Managers of the public offering.

Swiggy IPO: Should You Apply?

10]Swiggy IPO Rating: Adding the ‘subscribe’ tag to the public issue, Rajan Shinde, Research Analyst at Mehta Equities, said: “Given its consistent innovation and strategic expansion, we believe Swiggy is well positioned for sustainable growth. This makes it an attractive opportunity for investors looking to are looking for By looking at all the features, we recommend investors to “SUBSCRIBE” to Swiggy Ltd for a long-term perspective.”

Advising investors to sign up, Anshul Jain, head of research at Lakshmishree Investment and Securities, said, “Swiggy’s valuation, almost half that of Zomato, may seem attractive but should not be seen as an arbitrage opportunity. If Swiggy However, improvements in EBITDA to 3-4% and a higher average order value (AOV) in fast trading are essential. However, these changes are not expected in the near term given the significant challenges ahead. “

Moreover, Dr Choksey, SBI Capital Securities and Swastika Investmart have also given the public issue a ‘buy’ tag.

Disclaimer: The views and recommendations expressed in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to contact certified experts before making investment decisions.