Swiggy IPO Opening Date, GMP, Latest News | Big news is coming for IPO investors across the country. Let us tell you that after October, investors are going to make huge profits in November also. IPOs are going to be listed one after the other in November.
Swiggy IPO Opening Date
Meanwhile, big news is coming for investors. According to the information received, the initial public offer (IPO) of food and grocery delivery company Swiggy can open for bidding on November 6 next month.
Swiggy IPO Latest Update
Media reports said that Swiggy’s IPO can be launched between 6th and 8th November next month. For Acre investors, this IPO can open a day earlier on November 5.
Swiggy IPO Motive
Many big investment firms like Prosus and SoftBank have invested in Swiggy, who may get an exit opportunity by selling some or all of their stake in this IPO. “At the upper price band level, Swiggy is targeting a valuation of around $11.3 billion from this IPO,” said a source.
The portion of fresh shares in the IPO has been increased to about Rs 4,500 crore. At the same time, changes have been made in the Offer for Sale (OFS) part based on the participation of investors.
Swiggy IPO Size
Two other sources also confirmed the IPO launch date and said the total size of the IPO is likely to be around Rs 11,700 to Rs 11,800 crore.