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The highly anticipated Swiggy IPO has reached its allotment stage, with investors eagerly awaiting their fate. The IPO opened for subscription on November 6th and closed on November 8th, garnering a respectable 3.59 times oversubscription. This success was driven by strong interest from various investor categories, including Qualified Institutional Buyers (QIBs) who oversubscribed their quota by 6.02 times. Retail Individual Investors (RIIs) also demonstrated their confidence in Swiggy, contributing to a 1.14 times subscription. Meanwhile, the non-institutional investors' quota saw 41 percent of total subscriptions, while the employee allocation was subscribed 1.65 times.
Investors can now access their Swiggy IPO allotment status through the dedicated portal of Link Intime India, the IPO registrar. The website provides a step-by-step guide for checking the status, requiring users to input their application number, demat account, or PAN link. They must also select their application type (ASBA or non-ASBA) and complete a captcha verification. Alternatively, investors can verify their allotment status on the official websites of BSE and NSE, following their respective procedures.
The official listing date for Swiggy shares is scheduled for Wednesday, November 13th. Those who have been allotted shares can expect them to be credited to their demat accounts on the same day. On the other hand, individuals who did not receive shares will see the refund process commence on Tuesday, November 12th. A Grey Market Premium (GMP) of ₹1 is currently being observed for Swiggy shares, suggesting an estimated listing price of ₹391, a slight premium over the IPO price of ₹390. This GMP has fluctuated in recent sessions, ranging from ₹0 to ₹25, signaling a degree of investor optimism regarding Swiggy's future prospects.
The IPO details reveal a fresh offering of ₹4,499 crore alongside an offer-for-sale (OFS) of 175,087,863 equity shares by selling shareholders, including prominent names like Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, and Tencent Cloud Europe B.V. Several leading investment banks, including Kotak Mahindra Capital Company Ltd and Citigroup Global Markets India Private Limited, are acting as the main lead managers for the Swiggy IPO, with Link Intime India Private Ltd acting as the registrar.
Source: Swiggy IPO allotment in focus today; latest GMP, step-by-step guide to check status