Swiggy IPO Opening and Band Price: November is about to begin. This month is also going to be very exciting for the stock market investors. Many IPOs like Swiggy are going to open this month too. Investors are waiting for the IPO of food delivery company Swiggy for a long time. After getting approval from the market regulator SEBI, investors were very eager to know the price band along with the opening date of the Swiggy IPO.
Now waiting for Swiggy IPO set to over. According to media reports, Swiggy’s IPO will open on 6 November 2024 and close on 8 November 2024. In this time Swiggy Price Band will be between Rs 371 and Rs 390. Though there are no official confirmation from the food delivery company.
According to a report, BlackRock and Canada Pension Plan Investment Board (CPPIB) will invest $1.4 billion (Rs 11,774 crore) in this IPO. This will be the country’s second-largest stock offering this year.
🚨 New Mainboard IPO🚨
𝙎𝙬𝙞𝙜𝙜𝙮 𝙇𝙞𝙢𝙞𝙩𝙚𝙙 𝙄𝙋𝙊
🗓️Date : 6-Nov to 8-Nov-2024
✴️Price : ₹371 – ₹390
✴️Lot : 38 Shares
📚Size : ₹11327.43 Cr#IPO #SwiggyIPO pic.twitter.com/cbXJntQTV4— Mehul Bumtaria (@mehul_bumtaria) October 29, 2024
As per the reports, Indian stocks have continued to fall for four consecutive weeks, the longest fall since August 2023. The Nifty50 index is down more than 8% from its record high of September 27 due to continuous foreign selling. Swiggy filed confidential papers for the IPO in April this year. Once again, on September 26, the company filed an updated draft. It is expecting that the company will issue fresh shares worth Rs 3,750 crore, in which existing shareholders will sell shares worth Rs 18.52 crore through an offer for sale (OFS).
According to media reports, after getting approval from the market regulator, Swiggy can bring an IPO in November this year.