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The much-talked-about Swiggy IPO opened on November 06 and will close on November 08. The price band for the Swiggy IPO has been set between Rs 371 – 390 per equity share. The issue has been subscribed to 12% on Day 01. It is the second day of the issue. A retail investor can apply for a minimum of 38 shares which amounts to Rs 14,820.
The food-delivery company has incurred net losses in each year since incorporation. It has negative cash flows from operations.
Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, J.P. Morgan India, BoFA Securities India, and ICICI Securities are the book-running lead managers of the IPO.
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