Swiggy IPO Allotment Today: A Step-by-Step Guide to Check Allotment Status Online

Mumbai, November 11, 2024: The eagerly awaited allotment status of Swiggy's initial public offering (IPO) is expected to be finalized on Monday, with investors advised to check their status online.

As per sources close to the matter, the IPO received a staggering 3.59 times subscription garnering bids for 57.53 crore shares as against the 16.01 crore shares offered. The price band of Swiggy's IPO was fixed at Rs 371 and Rs 390 apiece.

To check your allotment status, investors can follow these steps:

1) Visit the official BSE website via the URL: https://www.bseindia.com/investors/appli_check.aspx 2) Select 'Issue Type' as 'Equity' 3) Choose 'Swiggy Ltd' in the dropbox under 'Issue Name' 4) Enter your application number or Permanent Account Number (PAN) 5) Click on 'I am not a robot' to verify yourself and hit the 'Search' option

Alternatively, investors can also visit Link Intime India Pvt Ltd's portal: https://linkintime.co.in/initial_offer/public-issues.html to check their allotment status.

According to market observers, Swiggy's unlisted shares continue to trade at Rs 1 higher in the grey market than its issue price, citing a muted listing or discount listing. The GMP stands at 0.26 per cent, indicating investors' readiness to pay more than the issue price.

The IPO is a combination of a fresh issue of shares worth Rs 4,500 crore and an offer for sale (OFS) of Rs 6,800 crore. Early investors have made substantial returns on their stakes, while big investors including Norway's sovereign wealth fund Norges and Fidelity have placed bids worth over $15 billion in the IPO.

Proceeds from the fresh issue will be used to pay debt of subsidiary Scootsy, expand the Dark Store network, and invest in technology and cloud infrastructure.