Swiggy's IPO has opened. Applications can be made till November 8. The lot size in this IPO is 38 shares, which means investors can bid for a minimum of 38 shares. Retail investors will need Rs 14,820 for one lot. In simple words, a minimum investment of Rs 14820 will have to be made. By 10:15 am, the IPO was 10 percent subscribed.

Important things related to Swiggy IPO...

First- IPO will close on November 8.
Second- Price band - Rs 371 to Rs 390

How much money will the company raise- Swiggy plans to raise a total of Rs 11,327.43 crore through this IPO. This proposal includes a fresh issue of 115,358,974 shares and an offer for sale of 175,087,863 shares. Whose face value is Rs 1 per share.

Shares will be available for Rs 25 cheaper- Swiggy has reserved 750,000 shares for its employees. In which they will get a discount of Rs 25 on the issue price.

What should investors do?  SBI Securities has advised investors to subscribe to the IPO. According to reports- The company's IPO looks much better than Zomato. But it would be right to invest money in it for the long term.

Experts on CNBC Awaaz said that at the upper price band of Rs 390, the company's valuation is 8 times in terms of Price to Sales, which is 76% cheaper than its competitor company. On this basis, most experts are giving a ' Subscribe ' rating.

SBI Securities - Invest for long term
KR Choksey Securities: Advice to invest
Arihant Capital : Invest only if you are an aggressive investor. Otherwise stay away
Aditya Birla Capital: Advice to stay away But there is tension here... The company is currently in loss. The company has reduced its valuation from $15 billion to $11.3 billion before the IPO. (Reliance Jio's IPO may come in the year 2025 - Reuters) FMCG distributors have raised concerns before CCI about the sustainability and unfair practices of QCom, if action is taken on which, growth may get a setback. When will Swiggy be listed?  Shares can be credited to the demat accounts of investors till 12 November 2024. The shares are expected to be listed on BSE and NSE on 13 November 2024. Now let us tell you what the management said? Regarding the IPO, CFO Rahul Bothra and MD & CEO Sriharsha Majety have given important information about the company on CNBC Awaaz. He told that big investors have shown interest in the company. That is why only the customers of the company can become investors through IPO. The company is currently active in 2-3 businesses. There has been continuous growth in QUICK Commerce for the last 2-3 years. There is a good response from the customers. SWIGGY is active in a big market, competition will continue in future as well. Offering 2 different services in the same app, 30% growth was seen in customers. 120 investors have been talked to in the valuation process of the company. How does Swiggy work - Swiggy is a technology company that allows users to browse and order food, grocery and household items through the app and also provides doorstep delivery.

Started food delivery service in India in the year 2014. Swiggy also entered the quick commerce sector in 2020.

With the support of major investors like SoftBank, Prosus, and Excel Partners, Swiggy has established itself as a leading company in this field.