Food delivery giant Swiggy plans to raise approximately Rs 11300 crore in its initial public offering, aiming for a valuation of USD 11.2 billion amid market adjustments
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Reports suggest that Swiggy upsized its initial public offering to over Rs 11,000 crore, with a fresh fundraising of Rs 5,000 crore
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Food-delivery platform Swiggy’s IPO may seek to raise more than USD 1 billion, as per media reports
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The firm reduces the size of its fresh issue to Rs 1,666 crore from Rs 1,816 crore, as disclosed in its draft red herring prospectus (DRHP)
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The proposed IPO is a combination of a fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, as per media reports
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