Page 4 - Swiggy

Swiggy IPO allotment today: Check status, GMP, & expected listing price

Once the allotment is finalised, investors can check the status of their Swiggy IPO shares on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week

Swiggy expands leadership team with 2 senior appointments to enhance ops

Both appointments are part of Swiggy's continued focus on scaling its operations, enhancing service delivery, and supporting its growth in both food delivery and quick commerce

Swiggy pilots 'Yello' service marketplace as Zomato eyes concierge model

Swiggy and Zomato, India's top delivery platforms, are branching out beyond core food and grocery services. Swiggy's 'Yello' marketplace and Zomato's concierge model lead new initiatives

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Swiggy IPO: QIBs do final-day heavylifting, isssue subscribed 3.6x

Institutional investors swoop in on Day 3 to corner 90% bids

Swiggy's $1.4 bn IPO oversubscribed as investors bet on quick-commerce boom

The IPO received bids for more than three times the shares on offer at the end of the last day of bids. The portion reserved for institutional investors was subscribed six times

Zomato, Swiggy face CCI probe over allegations of favouring big chains

The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform

Swiggy IPO receives 35% subscription on second day of share offering

The company is aiming to garner Rs 11,327 crore from the IPO, which has a fresh issue of shares worth Rs 4,499 crore, along with an offer for sale (OFS) of Rs 6,828 crore

Swiggy confident of growth, emphasises strength in consumer insight

Swiggy remained optimistic of growth in quick commerce amid growing competition from deep pocket players and said it has grown amid intense competition over the past decade, an official said on Thursday. In an interview to PTI, CEO Food of Swiggy, Rohit Kapoor, acknowledged the possibility of the entry of Jio into the hyperlocal delivery market as a competitor, but underscored that building a successful business in this sector requires more than just capital. Speaking on the competitive dynamics, Kapoor said that while funding is important, it is not the sole determinant of long-term success, referencing examples of well-capitalised players in India who failed to establish a lasting presence. "Just having a lot of capital has not resulted in great businesses in India," the official said, adding that success hinges on several other elements," he said. "You need a strong ability to hire top technical talent, and that's something traditional companies often struggle with. Beyond talen

Swiggy IPO subscribed 12% on day one; individual investors bid most

Swiggy has already allotted shares worth Rs 5,085 crore to anchor investors, drawn from the QIB quota

Swiggy IPO makes lackluster start: subscription at 7% so far, GMP 3%

NSE data revealed that the IPO had garnered bids for merely 1,10,51,578 shares out of 16,01,09,703 on offer, translating to a subscription rate of just 0.07 times

Swiggy $1.4 bn IPO opens for orders as Indian stocks lose some appeal

While India was an outlier in Asia with a string of high-profile offerings this year, Swiggy's IPO comes after a slide in Indian equities in October that is expected to extend into November

Food delivery major Swiggy raises Rs 5,085 crore from anchor investors

Anchor allotments are made to marquee investors a day before the IPO to instil confidence and provide cues to other investors

Swiggy IPO opens on November 6: Here's how GMP is faring ahead of opening

Softbank-backed Swiggy IPO will be open for public subscription from Wednesday, November 6, to Friday, November 8, 2024. Bidding for anchor investors is expected to take place on Tuesday, November 5

Swiggy seeks valuation of $11.3 billion; IPO to open on Wednesday

Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about USD 11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore. Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue. The issue will open for public subscription on November 6 and conclude on November 8. Speaking about the pricing, Swiggy Food Marketplace CEO Rohit Kapoor said, "We feel we have priced it right and we are looking forward to the next few days." The valuation of Swiggy has been pegged at about USD 11.3 billion (about Rs 95,000 crore) at the upper price band. Rival Zomato, which went public in July 2021, has a market valuation of Rs 2.13 lakh crore. "Our pricing is in the range of Rs 371-390 which corresponds to a value of about USD 11.3

Swiggy eyes 100 mn users, each ordering 15 times a month: CEO Majety

Food delivery giant anticipates strong growth in next decade

Swiggy fined Rs 35,000 for 'going the extra mile' in delivery charges

A Telangana court has ordered food delivery platform Swiggy to issue a refund and compensation, and to stop such practices

Swiggy IPO gets bids of $15 bn from big investors like Norges, Fidelity

Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35 billion IPO that will be country's second-biggest stock offering this year