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Swiggy Limited has announced its IPO with a price range of ₹371 to ₹390 per equity share, having a face value of ₹1. The subscription period will begin on Wednesday, November 6, and end on Friday, November 8. Allocations for anchor investors are scheduled for Tuesday, November 5. The IPO consists of a total value of Rs 11,327 crore, comprising a fresh issue of 11.54 crore shares worth Rs 4,499 crore and an offer for sale of 17.51 crore shares amounting to Rs 6,828.43 crore. Following this, the company's market capitalization is expected to be around Rs 87,299 crore. Swiggy's IPO is now priced at a valuation of $11.3 billion, down from an earlier goal of approximately $15 billion. This decrease is linked to current market volatility and the underwhelming market debut of Hyundai India.  The lower and upper price limits are set at 371 times and 390 times the face value of the equity shares. Due to the company's losses in the financial year 2024, as per restated con...

Swiggy is a technology-driven company focused on consumer convenience, offering a unified app that allows users to easily browse, select, order, and pay for food, groceries, and household items. Its primary business model is a B2C marketplace that connects restaurant and merchant partners, enabling customers to find and purchase a variety of products. Swiggy handles order fulfillment through delivery, reservations, payments, and generating leads for its partners. The company operates across five main segments: (i) Food Delivery, (ii) Out-of-home Consumption, encompassing dining and events, (iii) Quick Commerce, which provides on-demand delivery of groceries and household goods, (iv) Supply Chain and Distribution, focusing on B2B services, logistics, and warehousing for wholesalers and retailers, and (v) Platform Innovations, introducing initiatives like Swiggy Genie and Swiggy Minis. The Swiggy platform supports restaurant reservations through Dineout and event bookings via...