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Swiggy's IPO will be open from 6 to 8 November 2024, in which the price band per share has been fixed at ₹ 371-₹ 390. Investors can benefit by buying shares in the company through this IPO.
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 had earlier set a target of raising Rs 3750 crore through its IPO, which has now been increased to Rs 4500 crore.
The Offer for Sale (OFS) in Swiggy's IPO has been reduced from Rs 7073 crore to Rs 6800 crore now, due to which existing investors will sell fewer shares.
Swiggy's share price was earlier Rs 535 per share in the unlisted market, which has now come down to Rs 435 per share.
Swiggy's valuation is $11.5 billion, which is 57% lower than Zomato's $27 billion.
Swiggy's trailing FY24 revenue is ₹11,247 crore, slightly lower than Zomato's revenue of ₹12,114 crore.
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