Swiggy to offer shares at Rs 371-390

Swiggy plans to launch an IPO on Nov 6, with a price band of Rs 371-390, aiming to raise Rs 11,327 crore. The IPO values the company at $11.3 billion, with Rs 4,499 crore coming from fresh share issuance and Rs 6,828 crore through an offer for sale. Prosus and other investors are selling stakes, while SoftBank retains its shares.

Oct 29, 2024 - 01:00

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Swiggy plans to launch an IPO on Nov 6, with a price band of Rs 371-390, aiming to raise Rs 11,327 crore. The IPO values the company at $11.3 billion, with Rs 4,499 crore coming from fresh share issuance and Rs 6,828 crore through an offer for sale. Prosus and other investors are selling stakes, while SoftBank retains its shares.