Swiggy IPO - should you invest or stay away? - Indian Transport & Logistics News

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Tuesday, 8 October 2024

Swiggy IPO - should you invest or stay away?

In its revised draft public issue prospectus filed on September 27, 2024, Swiggy is planning to raise Rs 3,750 crore by way of fresh issue of shares and sales of 18.53 crore shares by existing shareholders at a price to be decided closer to the actual issue. Sellers include Accel India (1.06 crore shares acquired at an average price of Rs 11.17), Elevation Capital (0.74 crore shares acquired at an average price of Rs 11.44) and MIH India Food Holdings (11.8 crore shares acquired at an average price of Rs 131).




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