Shares can be credited to investors' demat accounts till November 12, 2024. The shares will be listed on BSE and NSE on November 13, 2024. However, the GMP on the shares is not even a single rupee. This clearly means that the listing can happen at a discount.
CFO Rahul Bothra and MD & CEO Sriharsha Majety have given important information about the company on CNBC Awaaz regarding the IPO. 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.
QUICK Commerce has been growing continuously for the last 2-3 years. Good response is being received from the customers. SWIGGY is active in a big market, competition will continue in the future as well. Providing 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. What does Swiggy do- Swiggy is a technology company, which allows users to browse and order food, grocery and household items through the app, as well as provides doorstep delivery. Started food delivery service in India in the year 2014. Swiggy also ventured into quick commerce in 2020. With the support of major investors like SoftBank, Prosus, and Accel Partners, Swiggy has established itself as a leading company in this field.
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