Swiggy share listing price prediction: Food delivery company Swiggy is set to deliver its IPO to the stock exchanges soon. The Bengaluru-based firm launched its initial public offering last week on November 6. The 3-day bidding window for investors closed on Friday, November 8.
With its IPO, the food delivery company is looking to raise Rs 11,327 crore, which comprises a fresh issue of shares worth Rs 4,499 crore, along with an offer for sale (OFS) of Rs 6,828 crore. Ahead of its IPO launch for retail investors, Swiggy had collected Rs 5,085 crore from anchor investors.
Swiggy IPO Price Band
The company had fixed the price band for its shares in the range of Rs 371-390.
Swiggy IPO GMP Today
Short for grey market premium, GMP is the price at which IPO shares are sold prior to their stock exchange listing in grey market. Ahead of their NSE, BSE debut, shares of Swiggy aren’t commanding a great GMP, indicating a flat listing for the IPO in the coming week. On Sunday, Swiggy IPO has a grey market premium in the range of Rs 1-2.
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Swiggy Share Listing Price Prediction
If the shares of the food delivery company get listed at the lower end of the GMP range, Swiggy shares could start trading at Rs 391. The listing price could be Rs 392 per share, if the upper range of the GMP is taken into account.
Swiggy IPO Listing Date
Shares of the Bengaluru-based company are set to start trading on the stock exchanges on Wednesday, November 13.
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Swiggy IPO Allotment Date
Investors who have bid for the initial public offering of Swiggy are waiting to see if they got the shares allotted or not. The company is likely to finalise the share allotment on or about Monday, November 11, 2024, Swiggy said in its RHP filed with SEBI.
