Swiggy, the online food delivery giant, launched its highly anticipated Initial Public Offering (IPO) earlier this month. The IPO had opened for subscription on November 6 and closed on November 8. Competing directly with Zomato, Swiggy’s public issue, valued at Rs 11,327 crore, received a mixed response from investors across different categories. It is expected that Swiggy’s IPO share allotment will be finalised on Monday. Investors will receive their shares through a lottery system, with the entire process overseen by the registrar. On the allotment day, investors will find out how many shares they have been allocated based on their bids.
To check how many shares have been allotted to them, investors can visit the BSE website or the registrar’s website. Here’s how you can check the allotment status on both platforms:
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Steps to Check Swiggy IPO Allotment Status on BSE Website:
Step 1: Open the official BSE website.
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Step 2: From the drop-down menu, select the issue name (Swiggy).
Step 3: Enter your application number or PAN number to view the allotment status.
Steps to Check Swiggy IPO allotment status through the registrar:
Step 1: Go to the Link Intime India website.
Step 2: Choose the Swiggy IPO from the list.
Step 3: Enter your PAN number and click “Search” to view your allotment status.
Swiggy IPO Subscription Overview
Swiggy‘s IPO attracted a solid response from investors, with the subscription rate closing at just over 3 times the offered shares.
Use of Swiggy IPO Proceeds
The food delivery giant plans to use the funds raised from the IPO for several purposes, including:
Investment in Subsidiary: Swiggy intends to invest in its subsidiary, Scootsy.
Technology and Infrastructure: A portion of the funds will be allocated towards upgrading technology and enhancing cloud infrastructure.
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