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New Delhi: The craze of IPO in the stock market has not stopped yet. Investors were waiting for the IPO of top food and grocery delivery platform Swiggy. Now this wait is going to end soon. Actually, Swiggy's IPO has got the green signal from market regulator SEBI.
Swiggy had filed draft papers confidentially. Now the company will compete with Zomato as soon as it gets listed in the stock market. Let us tell you that Swiggy's IPO was in the news for a long time.
When will the IPO come?
According to media reports, the company had filed the draft paper confidentially. Now after getting approval from SEBI, the company will file two updated DRHP (Draft Red Herring Prospectus). In one of these, SEBI will respond to the comments and in the other, comments will be sought from the public. After this, the company will file RHP (Red Herring Prospectus) and then the IPO launch will be planned.
This means that there is no official decision yet on which day the IPO will open for investors. However, it is expected that the company can launch the IPO by November 2024.
These big celebrities have invested
Before the Swiggy IPO, many big celebrities have invested in the company. Recently it was revealed that Bollywood's Dhak-Dhak girl i.e. Madhuri Dixit has invested in the company's IPO.
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