Swiggy IPO Allotment:- Swiggy, India’s leading food delivery platform, has garnered significant attention with its Initial Public Offering (IPO). Investors and market enthusiasts are eagerly awaiting the Swiggy IPO allotment results, listing price, and other key details. In this article, we will walk you through how to check the status of Swiggy IPO allotment, the expected listing price, GMP (Grey Market Premium), and other essential information you need to know.
Swiggy IPO Allotment 2025
Swiggy, India’s top food delivery and grocery platform, is making waves as it nears the launch of its highly anticipated Initial Public Offering (IPO). Swiggy is all set to finalize its IPO share allotment today. The IPO, valued at INR 11,327.43 crore, was priced between INR 371 and INR 390 per share. After the three-day bidding period concluded, the share allotment process is now underway. Swiggy’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 13, 2024.
Swiggy IPO Allotment Details
| Article for | Swiggy IPO Allotment: How to Check Status, Listing Price, GMP, and More Details |
| IPO Value | INR 11,327.43 crore |
| Price Range | INR 371 to INR 390 per share |
| Lot Size | 38 shares |
| Subscription Period | Closed recently (3-day bidding window) |
| Allotment Date | Expected today |
| Listing Date | November 13, 2024 |
| Exchanges | Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) |
| Grey Market Premium (GMP) | Approximately INR 1 |
| Expected Listing Price | Around INR 391 |
| Registrar | Link Intime India Private Ltd. |
| Allotment Process | Lottery system supervised by the registrar for fair distribution |
| Official Website | https://www.swiggy.com/ |
| Refund Process | Automatic refund if shares are not allotted |
| Demat Credit Date | Expected within 3-4 business days post allotment |
| Category | Finance |
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What is Swiggy IPO?
Swiggy, one of India’s largest food delivery platforms, announced its Initial Public Offering (IPO) to raise capital for its future expansion plans and enhance its business operations. The IPO has attracted significant attention due to Swiggy’s strong market position and growth potential in the food delivery and logistics sector.
The company aims to list its shares on major stock exchanges, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The IPO comprises fresh issue of equity shares along with an offer for sale (OFS) by existing shareholders.
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About Swiggy
Swiggy is a leading Indian online food ordering and delivery company, founded in 2014 and headquartered in Bangalore. As of July 2023, Swiggy operates in over 580 cities across India. In addition to food delivery, Swiggy offers quick commerce services under its Swiggy Instamart brand and provides same-day package delivery through Swiggy Genie.
Swiggy competes primarily with Zomato, another prominent Indian startup, in the food delivery and hyperlocal marketplace sectors.
Key Highlights of Swiggy IPO
- IPO Size: INR 11,327.43 crore
- Price Range: INR 371 to INR 390 per share
- Lot Size: 38 shares
- IPO Subscription: The offering saw bids for a total of 57,53,07,992 shares against 16,01,09,703 shares available.
- Listing Date: November 13, 2024 (on BSE and NSE)
- Grey Market Premium (GMP): INR 1 (suggesting a listing price around INR 391)
How the Swiggy IPO Allotment Process Works?
The Swiggy IPO allotment process is a critical step for investors who placed their bids. The allotment of shares is done using a lottery system to ensure fairness. The registrar of the IPO will supervise the process to ensure that all investors are allotted shares in a transparent and systematic manner.
On the allotment date, which is today, investors will be notified of how many shares they have received in comparison to the number of shares they requested.
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How to Check Swiggy IPO Allotment Status?
If you’re one of the investors who applied for Swiggy’s IPO, you may be eager to check whether you have been allotted shares. There are two main ways to check the allotment status:
Check Swiggy IPO Allotment Status on Link Intime
Link Intime is the registrar for the Swiggy IPO. Follow these steps to check your allotment status:
- Visit the Official Link Intime Website: Go to Link Intime IPO Status.
- Select Swiggy IPO from the Dropdown Menu: From the list of public issues, choose Swiggy’s IPO.
- Enter Your Details: You will need to enter one of the following details to proceed:
- PAN number
- Application number
- DP Client ID
- Click Submit: After filling in the required information, click the ‘Submit’ button.
- View Your Status: Your IPO allotment status will be displayed on the screen.
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Check Swiggy IPO Allotment Status on BSE
Alternatively, you can check the allotment status through the Bombay Stock Exchange (BSE) website. Here’s how:
- Visit the BSE Website: Go to the BSE Investor Services page.
- Navigate to ‘Status of Issue Application’: Under the ‘Investor Services’ dropdown menu, select ‘Status of Issue Application.’
- Choose Equity as the Issue Type: In the application status check section, choose ‘Equity’ as the issue type.
- Enter PAN Number: Enter your PAN number and click ‘Search’ to check your allotment status.
If you have been allotted shares, you will see the number of shares assigned to your account.
What to Expect on the Swiggy IPO Listing Day?
Swiggy is expected to list its shares on November 13, 2024. On the listing day, the company’s shares will be available for trading on the BSE and NSE stock exchanges. Based on the current Grey Market Premium (GMP) of INR 1, Swiggy’s shares are likely to list around INR 391, which is slightly above the IPO price range (INR 371-390).
Investors who have been allotted shares can expect the stock to open with a small premium, as per the current trends in the grey market. However, market conditions and investor sentiment can affect the actual listing price.
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Conclusion
The Swiggy IPO has garnered significant interest among investors due to the company’s leading position in the food delivery and grocery market. With the allotment process taking place today, investors can now check their status using the Link Intime or BSE platforms. As Swiggy prepares for its stock market debut on November 13, the expectation is that the shares will list at a premium, based on the current Grey Market Premium. Make sure to keep an eye on the listing day for updates on the stock’s performance. If you’re an investor in Swiggy’s IPO, we hope you have successfully secured your allotment and wish you the best for your investment journey!
FAQ’s
When is the Swiggy IPO listing date?
Swiggy’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 13, 2024.
What is the price range for Swiggy’s IPO?
The Swiggy IPO was priced between INR 371 and INR 390 per share.
What is the Grey Market Premium (GMP) for Swiggy IPO?
The Grey Market Premium (GMP) for Swiggy IPO is currently around INR 1, suggesting that the shares could list at approximately INR 391.
How can I check my Swiggy IPO allotment status?
You can check your Swiggy IPO allotment status through two methods: On Link Intime: Visit Link Intime IPO Status, select Swiggy IPO, and enter your PAN number, application number, or DP Client ID. On BSE: Go to the BSE Investor Services page, select Status of Issue Application, enter your PAN number, and check your allotment status.
What is the Swiggy IPO allotment process?
Swiggy’s IPO allotment will be done through a lottery system to ensure fairness. The registrar will supervise the process, and investors will be informed of how many shares they have been allotted compared to their application.
What is the total value of the Swiggy IPO?
The total value of the Swiggy IPO is estimated to be INR 11,327.43 crore.
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