Swiggy IPO share allotment will be finalized on (Monday, November 11). Swiggy’s IPO received mixed response from investors and is now waiting for the allotment of its shares. who will get its shares, It will be visible in their Demat account by tomorrow 12th November and those who are not allotted, their money will also be refunded by tomorrow.
They can check Swiggy IPO allotment status on Swiggy IPO registrar portal, link intime India. Wednesday, The Swiggy IPO opened for subscription on November 6 and closed on Friday, November 8. According to BSE information, the subscription position of Swiggy IPO was 3.59 times on the final bidding day.
Shares allotted to qualified institutional buyers (QIBs) were oversubscribed by 6.02 times, while retail individual investors (RIIs) experienced subscription of 1.14 times. The non-institutional investors quota attracted 41 per cent of the total subscriptions, and the employee allotment was subscribed 1.65 times.
How to Check On BSE Site
- First go to this link – https://www.bseindia.com/investors/appli_check.aspx
- Click on Equity under Issue Type
- Select Swiggy Limited in Dropbox under Issue Name
- Enter application number
- Enter PAN Card ID
- Click on ‘I’m not a robot’ and press the search button. your status will be revealed
How to Check on Registrar’s Portal
- First go to this link – https://linkintime.co.in/initial_offer/public-issues.html
- Select IPO/FPO in Dropbox. The name of the company will come only when the allotment is finalized.
- You have to choose one of three modes – Application Number, Demat Number or PAN ID
- Choose between ASBA (Application Supported by Blocked Amount) and Non-ASBA at application time
- Enter details of selected mode
- Fill the captcha and click on submit
Swiggy IPO GMP
The price band of shares in Swiggy’s IPO is RS 371-390, while according to IPO Watch, its grey-market premium or GMP is only RS 2. That means its listing may have very low premium or flat. The listing will take place on November 13.
Talking around the financial health of Swiggy, its loss fell from RS 4,179.3 crore to RS 2,350.2 crore in FY 2024. Amid this period, the company’s operational income expanded by 36 percent to RS 11,247.4 crore.
Talking about the current financial year, the company’s loss in the June quarter increased from RS 564 crore to RS 611 crore on an annual basis, but the revenue increased by 35 percent to RS 3,222.2 crore.
