11327 Crore Swiggy IPO: Did You Get a Slice of the Pie?

Swiggy IPO allotment finalized today, check status

11327 Crore Swiggy IPO: Did You Get a Slice  The Swiggy IPO share allotment will be finalized today, November 11, 2024, following the closing of subscriptions on November 8. The IPO was oversubscribed by 3.59 times overall, with Qualified Institutional Buyers (QIBs) subscribing 6.02 times and Retail Individual Investors (RIIs) subscribing 1.14 times. Investors can check their allotment status via the registrar’s portal, Link Intime India. For those who weren’t allotted shares, refunds will begin on November 12.

Swiggy IPO shares are expected to be credited to demat accounts on November 12, with the listing scheduled for November 13.

To check the allotment status, follow these steps:

On the Link Intime India website:

1. Visit  Intime’s IPO page

2. Select the IPO from the dropdown menu once the allotment process is complete.

3. Choose your application number, Demat account, or PAN.

4. Select ASBA or non-ASBA as your application type.

5. Enter the required details and complete the CAPTCHA.

6. Submit the form to view the allotment status.

On BSE:

1. Visit BSE’s allotment page

2. Choose ‘Equity’ under ‘Issue Type.’

3. Select Swiggy IPO from the list.

4. Enter your PAN or application number.

5. Verify the CAPTCHA and submit.

On NSE:

1. Go to the NSE allotment status page.

2. Sign up using your PAN.

3. Enter your username, password, and CAPTCHA.

4. Check your allotment status on the next page.

Regarding the Swiggy IPO’s Grey Market Premium (GMP), the current GMP stands at +1, suggesting the shares are trading at a slight premium in the grey market. This indicates that the estimated listing price could be around ₹391, slightly above the IPO price of ₹390.

11327 Crore Swiggy IPO: Did You Get a Slice  Next week, the primary market will witness the launch of three new IPOs, raising a total of Rs 1,173.3 crore. This is a significant drop compared to the Rs 18,500 crore raised through IPOs last week, including Swiggy’s massive Rs 11,327 crore share sale.

Zinka Logistics Solutions IPO

11327 Crore Swiggy IPO: Did You Get a Slice  The mainboard IPO of Zinka Logistics Solutions will open on November 13 and close on November 18. The company, which provides a digital platform for truck operators through the BlackBuck app, plans to raise Rs 1,114.72 crore. This will include a fresh issue of Rs 550 crore and an offer-for-sale of 2.07 crore shares worth Rs 564.72 crore at the upper price band of Rs 273 per share.

Mangal Compusolution IPO

This IPO, from the SME segment, will raise Rs 16.23 crore. It will open on November 12 and close on November 14, with a fixed price of Rs 45 per share.

Onyx Biotec IPO

Also from the SME segment, Onyx Biotec aims to raise Rs 29.34 crore by issuing 48.1 lakh shares at a price band of Rs 58-61 per share. The subscription period will run from November 13 to November 18.

IPOs Closing Next Week

From the mainboard, the Niva Bupa Health Insurance IPO will close on November 11, having already been fully subscribed 1.17 times. From the SME segment, Neelam Linens and Garments will close its Rs 13-crore IPO on November 12, with 2.38 times subscription.

Listings Next Week

11327 Crore Swiggy IPO: Did You Get a Slice  Sagility India, a healthcare-focused company, will list on November 12. Swiggy and ACME Solar Holdings will debut on November 13. Niva Bupa Health Insurance will start trading on November 14. All these companies are not trading at a significant premium in the grey market, according to market observers.

11327 Crore Swiggy IPO: Did You Get a Slice  Swiggy IPO allotment status: Investors who applied for Swiggy’s IPO, which closed on November 8, can check their allotment status on the BSE, NSE, or registrar Link Intime India websites. The allotment is expected to be finalised on Monday, November 11.

The IPO was oversubscribed by 3.59 times during the subscription period from November 6 to November 8. Qualified institutional buyers (QIBs) subscribed 6.02 times, while retail investors subscribed 1.14 times. The non-institutional investor category received 41% of the subscriptions. The price range for the IPO was ₹371-₹390 per share, with a total offering consisting of a fresh issue worth ₹4,499 crore and an offer-for-sale (OFS) of ₹6,828 crore.

How to check Swiggy IPO allotment status on Link Intime India:

1. Visit the ‘Public Issues’ page on Link Intime India

2. Select ‘Swiggy Ltd’ from the dropdown list of IPO names.

3. Enter your application number, PAN, Account No/IFSC, or DP/Client ID.

4. Click ‘Submit’.

How to check Swiggy IPO allotment status on NSE:

1. Go to the allotment status page of NSE

2. Log in with your ID and password or create a new account if you’re a first-time user.

3. Select ‘Swiggy Ltd’.

4. Enter your PAN and IPO application number.

5. Click ‘Submit’.

How to check Swiggy IPO allotment status on BSE:

11327 Crore Swiggy IPO: Did You Get a Slice  You can also check your status on the BSE website by following similar steps.

For those who were allotted shares, these will be credited to their Demat accounts on Tuesday, November 12. Swiggy’s IPO will be listed on the NSE and BSE on Wednesday, November 13.

Swiggy, which started its food delivery service in 2014 and expanded into quick commerce in 2020, provides a wide range of services under various brands, including Swiggy for food delivery, Instamart for household items, Genie for pick-up and drop-off services, Dineout for dinner reservations, Swiggy Minis for hyperlocal commerce, and SteppinOut for event bookings.

11327 Crore Swiggy IPO: Did You Get a Slice  Swiggy IPO Allotment Status Live Updates: After the subscription window for Swiggy’s IPO closed on November 8, investors are eagerly awaiting the final allotment of shares, which is set to be announced today, November 11.

The Swiggy IPO, valued at approximately USD 11.3 billion (around ₹95,000 crore) at the upper price band, included both fresh issue shares and an offer for sale. The issue raised a total of ₹11,327.43 crore, with ₹4,499 crore coming from the sale of fresh shares and ₹6,828.43 crore from the offer for sale.

As investors await updates, the Grey Market Premium (GMP) suggests a muted listing, with a premium of just ₹1 over the upper price of ₹390.

The allotment process involves the following steps for checking status:

How to Check on Link Intime India:

1. Visit the registrar’s website

2. Select ‘Swiggy IPO’ from the dropdown menu once the allocation is complete.

3. Enter your PAN Card number, application number, DP/Client ID, or IFSC.

4. Submit the captcha and check your status.

How to Check on NSE:

1. Go to the official NSE allotment page

2. Register with your PAN and create an account.

3. After logging in, you can check the status by entering the required details.

11327 Crore Swiggy IPO: Did You Get a Slice  Investors who are allotted shares can expect them to be credited to their Demat accounts by Tuesday, November 12. The listing of Swiggy’s shares will take place on November 13, 2024, on both the NSE and BSE.

Swiggy’s business model spans several revenue streams, including commissions from restaurant and merchant partners, advertising revenue, delivery fees, and subscription revenue from services like Swiggy One. The company reported a significant revenue increase of 34% for the fiscal year ending March 31, 2024, totaling ₹11,634.35 crore, although it still posted a loss after tax of ₹2,350.24 crore.

The IPO is being managed by leading book runners such as Kotak Mahindra, Citigroup Global Markets, and JP Morgan. ICICI Bank, Axis Bank, and Kotak Mahindra Bank are serving as the IPO’s sponsored banks.