Swiggy IPO
UBS, a global brokerage firm, has started covering Swiggy, a major food delivery platform company, and given it a 'Buy' rating. They have set a target price of INR 515 for the next 12 months.UBS set...
Swiggy, the food delivery giant, had its initial public offering (IPO) oversubscribed by 3.59 times, despite a slow start in the first two days. Swiggy raises INR 5,085 cr from institutional investorsAccording to The Hindu Business Line,...
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Day 2: Swiggy’s IPO continues to receive lukewarm response with only 35% subscription
Swiggy's INR 11,324 crore IPO saw a slow response on the second day persistently, with only 35% of the shares being subscribed. Bombay Stock...
Swiggy’s IPO receives 11% subscription on opening day, sluggish start
Swiggy's initial public offering (IPO) had a slow start on November 6, the first day of bidding, with only 11% of the shares...
Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares
Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The...
Swiggy raises fresh share size to INR 4,499 cr, files RHP
After much anticipation, Swiggy filed its red herring prospectus (RHP) late on Monday, October 28. According to the IPO papers, the public issue will...
Swiggy sets IPO price band at INR 371-390, valuing company at $11.3 Bn
Swiggy has set the price band for its upcoming IPO at INR 371-390. At the upper end, the company will be valued at $11.3...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
Swiggy appoints 3 independent members to its board ahead of IPO Plans
Swiggy, the leading food delivery platform has recently made a major announcement regarding the appointment of three new independent directors. These appointments will bring...