The much-anticipated Swiggy IPO allotment is under the spotlight as investors eagerly await the finalization of share distribution. Following a strong response from both retail and institutional investors, the Swiggy IPO subscription closed on November 8, garnering attention for its robust oversubscription.
In this article, we provide a comprehensive guide on how to check your allotment status, understand the latest GMP trends, and prepare for the listing date.
Swiggy IPO Subscription and Allotment Status
The Swiggy IPO saw impressive demand, closing with an overall subscription of 3.59 times, as per the data from the Bombay Stock Exchange (BSE). The breakdown of the subscription status is as follows:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.02 times |
| Retail Individual Investors (RIIs) | 1.14 times |
| Non-Institutional Investors (NIIs) | 0.41 times |
| Employee Quota | 1.65 times |
The high demand from institutional investors highlights the confidence in Swiggy’s business model and future growth potential. Retail investors also showed substantial interest, while the employee quota received good participation, indicating strong internal belief in the company’s prospects.
Swiggy IPO Allotment Status: How to Check
If you have applied for Swiggy’s IPO, you can easily check your allotment status through three primary platforms: the IPO registrar (Link Intime India), BSE, and NSE. Here’s a step-by-step guide for each method:
Method 1: Check on Link Intime India
- Visit the Registrar’s Website: Go to the [Link Intime India website](click here).
- Select the IPO Name: Choose ‘Swiggy IPO’ from the dropdown menu once the allotment is finalized.
- Enter Your Details: Input your application number, PAN, or demat account details.
- Verify with Captcha: Complete the captcha to verify you are not a robot.
- Submit: Click on ‘Submit’ to view your allotment status.
Method 2: Check on BSE Website
- Go to the BSE Allotment Status Page: Access the [BSE IPO status page](click here).
- Select Equity: Choose ‘Equity’ under the issue type.
- Pick the IPO Name: Select ‘Swiggy IPO’ from the list provided.
- Enter Your PAN or Application Number: Fill in your details and complete the verification step.
- Submit: Click on ‘Submit’ to see your IPO allotment result.
Method 3: Check on NSE Website
- Visit the NSE IPO Page: Head to the [NSE allotment status page](click here).
- Register or Login: Sign up using your PAN if you are a new user.
- Enter Required Details: Input your username, password, and captcha code.
- Find Allotment Status: Navigate to the IPO allotment section to view the results.
Swiggy IPO GMP Today
The Grey Market Premium (GMP) for Swiggy shares today stands at ₹1, suggesting a slight premium over the issue price of ₹390 per share. This indicates that the estimated listing price might be ₹391, reflecting a minor increase of 0.26% from the IPO price. The GMP trend has seen fluctuations, with a peak of ₹25 and a low of ₹0 in recent sessions, according to market experts.
The GMP is a key indicator of investor sentiment in the grey market, showing how much buyers are willing to pay above the issue price before the stock officially lists.
Key Dates for Swiggy IPO
| Event | Date |
|---|---|
| IPO Subscription Start | November 6, 2024 |
| IPO Subscription End | November 8, 2024 |
| Allotment Finalization | November 11, 2024 |
| Refund Initiation | November 12, 2024 |
| Shares Credited to Demat | November 12, 2024 |
| IPO Listing Date | November 13, 2024 |
Investors can expect to see the shares credited to their demat accounts on November 12, with the official listing scheduled for the next day on the stock exchanges.
Swiggy IPO Details
The Swiggy IPO comprises a fresh issue of ₹4,499 crore, along with an offer-for-sale (OFS) of 175,087,863 equity shares by existing shareholders. Key stakeholders selling their shares include:
- Accel India IV (Mauritius) Ltd
- Tencent Cloud Europe B.V
- Elevation Capital V Ltd
- Alpha Wave Ventures LP
The lead managers for the IPO are Kotak Mahindra Capital, Citigroup Global Markets, and ICICI Securities, among others. Link Intime India serves as the official registrar for this public issue.
Swiggy IPO Financials and Use of Proceeds
Swiggy plans to utilize the funds raised from the IPO for:
- Expansion and Capital Expenditure
- Repayment of Borrowings
- General Corporate Purposes
The company’s financial performance has been robust, with substantial growth in revenue and profitability over the past three fiscal years, making it a promising prospect for investors.
Conclusion
The Swiggy IPO has garnered significant interest from investors, reflecting strong market confidence. With the allotment finalization today, applicants are eager to see their share status. If you have participated, be sure to check your allotment using the methods described above. The listing date on November 13 is expected to generate further buzz, especially given the current grey market trends.
For more detailed updates and expert analysis on Swiggy’s IPO performance, click here.
Disclaimer: This article provides information based on the current market data and company announcements. Investment decisions should be made after careful analysis and consultation with a financial advisor.
