Swiggy’s highly anticipated IPO opened on Wednesday, receiving a 12% subscription on its first day, reflecting a cautious response from investors.
The IPO aims to raise ₹11,327.43 crore, divided into a fresh issue of ₹4,499 crore and an offer for sale of 17.51 crore shares worth ₹6,828.43 crore. Shares are priced between ₹371 and ₹390, with a lot size of 38 shares. Swiggy's IPO closes on November 8, and the outcome is keenly watched as the food delivery giant seeks new growth funds.