QIB category investors showed the most interest
Swiggy IPO Subscription status: The IPO of online food delivery app Swiggy closed today. Today was the last day of Swiggy’s IPO, which opened on November 6. After very slow subscription in the first two days, today on the third and last day, the company’s IPO was not only fully subscribed but its subscription finally reached more than 3 times. According to NSE data, Swiggy’s IPO has received a total subscription of 3.59 times. QIB category investors showed maximum interest in Swiggy’s IPO.
QIB category investors showed the most interest
QIB category subscribed 6.02 times for the IPO, they subscribed for 52,30,89,494 shares as compared to 8,69,23,475 shares reserved. Whereas NII subscribed only 0.41 times for this IPO. NII bid for only 1,79,01,724 shares out of 4,34,61,737 shares kept in reserve. Retail investors bid for 3,30,79,304 shares as against 2,89,74,491 shares kept in reserve. Apart from these, Swiggy employees bid for 12,37,470 shares as against 7,50,000 shares kept in reserve.
Swiggy is going to raise a total of Rs 11,327.43 crore from IPO.
Swiggy, a company that takes online orders and delivers food items, had fixed the price band of Rs 371 to Rs 390 for each share with a face value of Re 1 under its IPO. A discount offer of Rs 25 on each share was made for the employees. After closing on 8th November, allotment of shares will be done on 11th November i.e. Monday and then the company will be listed in the stock market on 13th November. Let us tell you that this is a mainboard IPO, which will be listed on both the major exchanges BSE and NSE. Swiggy is raising a total of Rs 11,327.43 crore under this IPO.
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