Swiggy's $1.3 Billion IPO Set for November 6 Launch

  • IPO Dates: Swiggy’s initial public offering (IPO) will be open from November 6 to November 8, 2024, allowing investors to buy shares in one of India’s leading food and grocery delivery platforms.

    • Valuation & Size: The IPO seeks to raise $1.3 billion (₹11,700–₹11,800 crore) with an estimated valuation of $11.3 billion. The offering includes a fresh issue of ₹4,500 crore and a significant Offer for Sale (OFS) from existing shareholders​.

    • Market Dynamics: As Swiggy enters the public market, it intensifies its rivalry with Zomato, which has been publicly listed since 2021. Swiggy aims to leverage this IPO to strengthen its position in India's competitive delivery market.

    • Anchor Book: The IPO’s anchor book will open on November 5, offering early investment opportunities for major institutional investors​

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