November 11, 2024
New Delhi, India
Swiggy IPO
The eagerly awaited Swiggy IPO share allotment is set to be finalized today, Monday, November 11. Investors who participated in the IPO can check the status of their applications on the Swiggy IPO registrar’s website, Link Intime India Private Ltd. The Swiggy IPO opened for subscription on November 6 and closed on November 8. The IPO received a strong response, being oversubscribed by 3.59 times.
Subscription Details
Here is a breakdown of the Swiggy IPO subscription:
- Qualified Institutional Buyers (QIBs): Oversubscribed by 6.02 times.
- Retail Individual Investors (RIIs): Subscribed 1.14 times.
- Non-Institutional Investors (NIIs): Received 41% of the total bids.
- Employee Category: Subscribed 1.65 times.
Day-by-Day Subscription Snapshot
- Day 1: The IPO saw a subscription rate of 12% by the end of the first day.
- Day 2: Subscription status increased to 35%.
- Final Day: The IPO closed with an overall subscription rate of 3.59 times, indicating strong interest from institutional investors.
Checking Allotment Status
Investors who have applied for the Swiggy IPO can verify their allotment status by following these steps on Link Intime India’s portal:
- Visit the Registrar’s Website:
- Go to Link Intime India.
- Select the IPO:
- Choose “Swiggy IPO” from the dropdown menu (the option will appear once the allocation is complete).
- Provide Application Details:
- Choose the method to check status: Application Number, Demat Account, or PAN.
- Select Application Type:
- Indicate whether you applied through ASBA or non-ASBA.
- Enter Details:
- Input the relevant details based on the selection made in the previous step.
- Submit the Form:
- Complete the captcha and click “Submit” to view your allotment status.
Next Steps After Allotment
- Refunds: The refund process for unsuccessful applicants will commence on Tuesday, November 12.
- Credit to Demat Accounts: Shares for successful applicants will be credited to their demat accounts by the end of the day on November 12.
- Listing Date: The Swiggy IPO is scheduled to list on the stock exchange on Wednesday, November 13.
What to Expect Next
The Swiggy IPO has garnered significant attention, especially from institutional investors, as reflected by the strong oversubscription rates. Retail investors showed moderate interest, while the employee category also saw decent engagement. With the finalization of the allotment, the market will now focus on the upcoming listing and the initial trading performance of Swiggy’s shares.
Investors eagerly await the debut to assess Swiggy’s valuation and market performance. The listing date, set for November 13, will be a crucial indicator of the market sentiment towards this IPO and the company’s future growth prospects.
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Disclaimer:
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