The buzz around IPOs is palpable in the stock market, with a wave of offerings from both small and large companies attracting investor attention and generating significant profits. In this context, online food delivery platform Swiggy has officially applied for its IPO, filing draft papers with the Securities and Exchange Board of India (SEBI) on Thursday, September 26.
Through this IPO, Swiggy plans to issue fresh equity shares worth ₹3,750 crore. Additionally, existing shareholders will sell approximately 18.52 crore equity shares via the Offer for Sale (OFS). If successful, Swiggy would become the second company to be listed in the food delivery sector, following Zomato’s earlier listing.
Swiggy’s major investors include Prosus (32%), SoftBank (8%), and Accel (6%). Notable investors participating in the share sale include Excel, Alpha Wave, Elevation Capital, Norwest, and Tencent.
As the IPO landscape continues to evolve, all eyes will be on Swiggy’s upcoming offering and its potential impact on the market.
