Swiggy Limited IPO Details & Live GMP
Quick Commerce & Food Delivery Sector · Total Issue Size: ₹11,327 Cr
Last heard: Active Primary Market
Cap price (₹390) + current GMP
1 Lot (38 shares at cut-off)
Swiggy Limited IPO Key Facts & Timeline
Swiggy Limited IPO: Comprehensive Analysis & Investment Overview
1. Business Model & Operations
Swiggy Limited is a Mainboard public offering in the Quick Commerce & Food Delivery sector, entering the primary capital markets with a total issue size of ₹11,327 Cr.
India's pioneering hyperlocal commerce platform operating food delivery and Instamart quick commerce.
2. Grey Market Premium (GMP) & Listing Gain Expectations
As per active unlisted primary market quotes, the Grey Market Premium (GMP) for Swiggy Limited IPO is currently standing at ₹25. With the upper price band set at ₹390, the implied listing price discovery calculates to ₹415 per share, pointing to an estimated listing pop of +6.4%.
* Note: Grey market figures represent unorganized sentiment and are subject to market volatility. Real listing day gains depend on institutional QIB subscription numbers on Day 3.
3. Retail Application Strategy & Lot Size Math
Retail investors can bid for a minimum of 1 Lot (38 shares) worth ₹14,820. Under SEBI retail allocation guidelines, retail applicants are capped at a maximum bid value of ₹2,00,000 (translating to up to 13 lots).
Pro-Tip: In heavily oversubscribed public issues, allotment in the retail category is decided via a computerized lottery where every valid application is reduced to 1 lot. Applying for multiple lots from the same PAN does not increase allotment odds. To maximize statistical chances, apply 1 lot each from separate family demat accounts.
4. Critical Timeline: From Bid to Exchange Listing
- Public Bidding Closes: 8 November 2024 (5:00 PM cut-off for UPI mandate approval).
- Basis of Allotment: 11 November 2024 (Registrar publishes allotment status).
- Refunds / Unblock Funds: 11 November 2024.
- Demat Credit of Shares: 13 November 2024.
- Official Listing on BSE, NSE: 13 November 2024.
Frequently Asked Questions (FAQs)
What is the current GMP of Swiggy Limited IPO?
The Grey Market Premium (GMP) of Swiggy Limited IPO is currently quoted at ₹25 per share (+6.4% over cap price of ₹390). Estimated listing price is approximately ₹415.
What is the price band and minimum lot size for Swiggy Limited IPO?
The price band for Swiggy Limited IPO is fixed between ₹371 and ₹390 per equity share. The minimum application lot size is 38 shares, requiring a minimum retail capital outlay of ₹14,820.
When does Swiggy Limited IPO open and close for public bidding?
Swiggy Limited IPO bidding opens on 6 November 2024 and closes on 8 November 2024. Bids can be submitted between 10:00 AM and 5:00 PM IST via ASBA net banking or UPI mandate.
When will Swiggy Limited IPO allotment status be finalized?
The basis of allotment for Swiggy Limited IPO is scheduled to be finalized on 11 November 2024. Successful applicants will have shares credited to their demat account by 13 November 2024.