Swiggy aims to raise Rs 11,300 crore through its IPO opening on November 6, with shares priced between Rs 371 and Rs 390. The IPO, combining new shares and an offer for sale, highlights the growth of this valuable food delivery company as it expands its operations and infrastructure.

Swiggy's initial public offering (IPO) will open for subscription on November 6th, aiming to raise Rs 11,300 crore. The price band is set at Rs 371 to Rs 390 per share. Learn more about the IPO details and key investors.

Foodtech major Swiggy has reportedly set the price band of its upcoming initial public offering (IPO) at INR 371-390.

The food delivery platform aims to raise around ₹11,300 crore through the issue, which will include an offer for sale (OFS) valued at ₹6,800 crore and a fresh equity issuance of ₹4,500 crore.

Indian food delivery giant Swiggy is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16% due to market volatility, two people with direct knowledge said on Thursday.

Swiggy may fix the IPO price band at Rs 371-390, valuing it at $11.3 billion. The IPO was reduced due to market volatility and Hyundai India's lacklustre debut. Swiggy's last private round valuation was $10.

Swiggy plans a Rs 11,327 crore IPO on Nov 6, aiming for $11.3 billion valuation, adjusted from up to $13 billion due to market conditions. Prosus, Accel, and Elevation Capital will sell part of their stakes.

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment,

BlackRock (NYSE:BX) and the Canada Pension Plan Investment Board (CPPIB) will invest $1.4B in the initial public offering of Indian food-delivery giant Swiggy, Reuters reported Sunday, citing two sources.