Swiggy Ltd. has announced public offering of 290446838 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 389.00 per share. The gross proceeds of the issue are expected to be Rs 11,32,742.67 lakhs.

The company's initial public offer (IPO) will open on 06 November 2024 and is expected to close on 08 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 371.00-390.00 per share.

The IPO includes a fresh Issue of 290446838 Equity Shares of the Company at an price of Rs 390.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Swiggy Ltd. anticipates using the proceeds of the issue for (a) expansion of our Dark Store network for our Quick Commerce segment through setting up of Dark Stores(b) making lease / license payments for Dark Stores Investment in technology and cloud infrastructure Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform, across our segments Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Kotak Mahindra Capital Company Ltd.,ICICI SECURITIES LTD,JP Morgan India Private Limited.,Citigroup Global Markets India Private Limited,BofA Securities India Limited,Jefferies India Pvt. Ltd.,Avendus Capital Pvt. Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.