Swiggy IPO Day 2: Issue Subscribed 0.25 Times: Check Out What GMP Has Fallen To
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Food delivery giant Swiggy opened its IPO for subscription on November 6. The company’s IPO, a combination of fresh issue and offer for sale, is pegged at a whopping ₹11,327.43 crores.

The IPO price band is set at ₹371 to ₹390 per share, with a minimum lot size of 38 shares, translating to a minimum investment of ₹14,820 for retail investors.

Swiggy IPO Subscription Status

On the second day of bidding, the Swiggy IPO has seen a subscription of 0.25 times. The qualified institutional buyers (QIBs) category has been subscribed 0.15 times, while the non-institutional investors (NIIs) category has seen a subscription of 0.11 times.

The retail individual investors (RIIs) category has been subscribed 0.77 times, and the employees category has been subscribed 1.06 times.

See Also: Elcid Has Gone From 3 To 3 Lakh But Analysts Think Its Still Undervalued

Swiggy IPO GMP

The grey market premium for the Swiggy IPO stands at ₹2, as of November 7 compared to ₹12 on the first day of the IPO. Adding the GMP to the upper price band of ₹390, the estimated listing price comes to ₹392, indicating a modest gain of 0.51% per share.

However, it’s crucial to note that GMPs are merely indicative and should not be the sole determinant of the stock’s performance upon listing.

Swiggy IPO Details

The Swiggy IPO, which will close for subscription on November 8, is expected to be finalized on November 11, with a tentative listing date of November 13, on the BSE and NSE. The IPO comprises a fresh issue of 11.54 crore shares, totalling ₹4,499.00 crore, and an offer for sale of 17.51 crore shares, aggregating to ₹6,828.43 crore.

Read Next: Tata Power Inks 550 Cr Deal With Noida International Airport To Supply Renewable Energy


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