Swiggy has successfully launched the Bolt service, allowing consumers to receive food in as little as ten minutes.
Andhra Pradesh and Telangana lead in Bolt adoption, followed by Haryana, Tamil Nadu, Gujarat, West Bengal, Rajasthan, and Punjab.
Swiggy gave its workers a huge opportunity to build wealth by unlocking almost Rs 9,000 crore in ESOP value.
There are serious concerns about profitability since investors are growing more leery of tech businesses that take a long time to report profitable results.
The company raised ₹5,085.02 Crore from institutional investors through an anchor book launched on November 5.
Up until November 8, the public can subscribe for the company's shares at a price between Rs 371 and Rs 390.
The price band for Swiggy's IPO is set between ₹371 to ₹390 per equity share.
Next Wednesday, November 13, Swiggy shares will be listed on the exchanges, and on Monday, November 11, shares will be distributed.
The IPO comprises a fresh equity issue worth ₹4,499 crore and an OFS of 17,50,87,963 equity shares, offering investors the opportunity to buy into the company.
Swiggy submitted its red herring prospectus for its Rs 11,300 crore IPO to the Securities and Exchange Board of India (Sebi) on Tuesday.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
Invest wise with Expert advice