Swiggy IPO: Food and grocery delivery major Swiggy will launch its initial public offering (IPO) on Wednesday or November 6, 2024. The Rs 11,300-crore IPO will be concluded on November 8. The price band of the IPO has been fixed in the range of Rs 371 to Rs 390 apiece. According to market observers, the grey market activity currently suggests a muted interest in the IPO as Swiggy’s unlisted shares are currently trading at just a 5.64 per cent premium.
A lot size has been fixed as 38 shares. Retail investors need to apply for a minimum of one lot comprising 38 shares, or in multiple of 38 shares thereof.
The minimum lot size investment for small NII is 14 lots (532 shares), amounting to Rs 2,07,480, and for big NII, it is 68 lots (2,584 shares), amounting to Rs 10,07,760.