According to media reports, Swiggy has raised Rs 5,085 crore from anchor investors ahead of its IPO launch, with shares priced at Rs 390 each—the top end of its set price band of Rs 371-390 per share. Over half of this anchor investment has been allotted to domestic investors, with participation from major names like BlackRock, Fidelity, Nomura, BNP Paribas, and Allianz Global, among 75 other domestic and international backers.
Indian investors include SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, and HDFC Life. Swiggy is set to officially launch its IPO on Wednesday, marking one of the year’s largest in India with a total value of Rs 11,327 crore, comprising a primary issue of Rs 4,499 crore and an offer for sale (OFS) of Rs 6,828 crore.
Swiggy’s initial public offering (IPO) opened for subscription today and will remain open until November 8. According to media reports, the grey market premium (GMP) for Swiggy shares currently stands at 5 per cent or Rs 20, above the IPO’s price band of Rs 371-390 per share, signaling that investors in the unlisted market are willing to pay around Rs 410 per share.
Swiggy's IPO has set its sights on raising Rs 11,327 crore, one of the largest offerings this year in India. The IPO’s price range reflects significant interest, with both anchor and retail investors closely watching this subscription window over the coming days.
According to media reports, the OFS will see existing investors like Prosus, Accel, Elevation Capital, Meituan, Tencent, and Swiggy’s founders—Sriharsha Majety, Nandan Reddy, and Rahul Jaimini—sell over 175 million shares. At the top price band, Swiggy aims for a valuation of over Rs 95,000 crore, a 6% increase since its last private round in January 2022. Rival Zomato, recently valued at Rs 2.1 lakh crore, has intensified competition in both food delivery and quick commerce, with Swiggy’s Instamart and Zomato’s Blinkit among the leading players in the sector.
