The food delivery platform is preparing to raise Rs 11,300 crore through its IPO. According to reports, the company will sell shares worth Rs 6800 crore through OFS through its issue, while fresh shares worth Rs 4500 crore will be issued. Also, the company has also announced the price band. At what price will the listing be done in the grey market. That has also come.

Swiggy IPO Price Band- The company has fixed the price band of the IPO at Rs 371-390 per share. The IPO will open on November 6 and close on November 8. Listing may happen on November 13.

 

Swiggy's valuation was earlier $12-15 billion, which has now come down to $11.3-11.5 billion. This reduction indicates a change in the current market conditions and investor sentiment.

Swiggy IPO GMP -  According to media reports, the grey market premium is Rs 25 per share, which means that currently there can be a profit of Rs 25 on one share. Understand this way, if the upper price band of Rs 390 is fixed, then the listing can be done at a price of Rs 25 more i.e. Rs 415.

Swiggy's trailing FY24 revenue is ₹11,247 crore, slightly lower than Zomato's revenue of ₹12,114 crore.

Talking about the financial health of the company, its loss fell from Rs 4,179.3 crore to Rs 2,350.2 crore in FY 2024.

During this period, the operational revenue of the company increased by 36 percent to Rs 11,247.4 crore.

In the June quarter, the company's loss increased from Rs 564 crore to Rs 611 crore on an annual basis, but the revenue increased by 35 percent to Rs 3,222.2 crore.