Swiggy, a leading food delivery platform in India, is wrapping up its IPO allotment process today, November 11, 2024, after receiving significant interest from investors. The IPO opened for subscription on November 6 and closed on November 8, ultimately being oversubscribed by 3.6 times overall. This eagerly anticipated IPO includes a price range of Rs.371 to Rs.390 per share, aimed at raising Rs.11,327.43 crore. Here’s how to check your allotment status and other important details about the IPO.
How to Check Your Swiggy IPO Allotment Status
Investors can check the allotment status via Swiggy’s IPO registrar, Link Intime India, or through the BSE and NSE portals. Here’s a step-by-step guide:
1. On Link Intime India:
– Visit the Link Intime website.
– Once the allotment is finalized, start by selecting “Swiggy Limited” from the list. Then, continue by choosing the appropriate details based on your application type.
– Choose to input details via Application Number, Demat Account, or PAN.
– Complete the captcha and submit.
2. On BSE:
– Go to the BSE website and select “Equity” as the issue type.
– Select “Swiggy Limited IPO” from the dropdown.
– Enter your PAN or application number, confirm with “I am not a Robot,” and submit.
3. On NSE:
– Log in on the NSE portal using your PAN.
– Follow the instructions on the allotment page.
IPO Listing and Subscription Insights
Swiggy will list its shares on Wednesday, November 13, 2024. The IPO attracted a robust response across various investor segments: Qualified Institutional Buyers (QIBs) oversubscribed their segment by 6.02 times, Non-Institutional Investors (NII) subscribed at 41%, and Retail Individual Investors (RII) placed bids at 1.14 times. In addition, employees were able to secure 750,000 shares at a discounted price, providing them with an exclusive benefit within the IPO allocation.
Grey Market Premium and Investor Caution
The Grey Market Premium (GMP) for Swiggy’s IPO has fluctuated recently and is around ₹1, showing cautious optimism in the secondary market. Investors should closely monitor GMP trends, as they can offer insights into expected stock performance on listing day.
