Swiggy, the Bengaluru-based online food and grocery delivery giant, recently closed its initial public offering (IPO) on November 8, 2024. The IPO garnered mixed interest from investors, raising ₹11,327 crore. With a price band of ₹371 to ₹390 per share, the IPO saw a subscription rate of 3.59 times overall. As the company gears up for its stock market debut, here’s everything you need to know about the allotment date, grey market premium (GMP), and how to check your share allotment status.
Swiggy IPO Subscription Details
The Swiggy IPO received varied responses across investor segments. Here’s a breakdown of the subscription rates:
| Investor Segment | Subscription Rate |
|---|---|
| Retail Investors | 1.14 times |
| Qualified Institutional Buyers (QIB) | 6.02 times |
| Non-Institutional Investors (NII) | 0.41 times |
| Overall Subscription | 3.59 times |
The retail segment saw a modest subscription, while QIBs showed strong interest, oversubscribing by more than six times. However, non-institutional investors exhibited lower enthusiasm, leading to a subscription of only 0.41 times.
Allotment Date and Expected Listing
The share allotment for Swiggy’s IPO is likely to be finalized on Monday, November 11, 2024. Investors who receive allotment can expect shares to be credited to their demat accounts by Tuesday, November 12. The shares are set to debut on the BSE and NSE on Wednesday, November 13, marking Swiggy’s official entry into the stock market.
How to Check Swiggy IPO Allotment Status
Investors can easily check their allotment status online using the registrar’s website or the official sites of BSE and NSE.
1. On Registrar’s Website (Link Intime):
- Step 1: Visit Link Intime’s IPO page.
- Step 2: Choose the ‘Swiggy IPO’ from the dropdown list once the allotment is finalized.
- Step 3: Select ‘Application No.,’ ‘Demat Account,’ or ‘PAN’ as the identification method.
- Step 4: Choose your application type (ASBA or non-ASBA).
- Step 5: Enter the necessary details and solve the captcha.
- Step 6: Click ‘Submit’ to view the allotment status.
2. On BSE’s Official Website:
- Step 1: Go to the BSE IPO allotment status page.
- Step 2: Select ‘Equity’ under the ‘Issue Type’ dropdown.
- Step 3: Choose ‘Swiggy IPO’ from the list.
- Step 4: Enter your PAN or application number.
- Step 5: Complete the ‘I am not a robot’ verification and click ‘Submit.’
3. On NSE’s Official Website:
- Step 1: Visit the NSE IPO allotment page.
- Step 2: Click ‘Sign up’ and register using your PAN.
- Step 3: Log in with your username and password.
- Step 4: Check the allotment status on the new page.
Grey Market Premium (GMP) Update
The grey market premium for Swiggy’s IPO has been lukewarm. The latest GMP stands at just ₹1, indicating limited investor enthusiasm. With the upper price band set at ₹390, the shares are expected to list at ₹391, representing a minimal premium of 0.26%. This suggests that market participants are not very optimistic about immediate post-listing gains.
Conclusion
Swiggy’s IPO has seen mixed responses, with strong interest from institutional investors but limited enthusiasm from retail and non-institutional segments. As the allotment date nears, investors are keeping an eye on the GMP and market conditions to gauge the stock’s potential debut performance.
Disclaimer: “The information provided is based on market data and trends as of the publication date and is not financial advice.”