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Swiggy seeking to raise more primary capital in its planned IPO. Rs 5,000 crore target now from the earlier Rs 3,750 crore. OFS remains separate, of course. EGM on October 3 https://t.co/1SnjFkf8kL https://t.co/RXFJo4wCr0
#Business | Swiggy increases IPO size: Company to now raise Rs 5,000 crore in fresh issue up from Rs 3,750 crore 🛵🍴 @Goenka_Tushar1 writes more on this👇 https://t.co/A2rLCpmrJF #Swiggy #IPO #FreshIssue
The company, which was first expected to raise Rs 3,750 crore (around $450 million) through a fresh issue, will now issue fresh shares worth Rs 5,000 crore (about $600 million). Swiggy was initially expected to raise $1.25 billion through its IPO, Rs 3,750 crore (around $450… https://t.co/RcpXJaBKNA
Swiggy, the food delivery and quick commerce firm, is set to raise Rs 5,000 crore ($602 million) in a fresh issue as part of its initial public offering (IPO). This marks an increase from the previously expected Rs 3,750 crore ($450 million). The company will hold an Extraordinary General Meeting (EGM) on October 3 to finalize the IPO. Swiggy has seen a significant rise in orders during the festive season, solidifying its position in the quick commerce sector. Earlier reports indicated that Swiggy was expected to raise Rs 10,400 crore.
