The highly anticipated Swiggy IPO share allotment is set to be finalized today, November 11, 2024. With the subscription window closing on November 8, investors are eager to check their allotment status and understand the implications of this significant event in the food delivery sector.
Swiggy IPO Overview
Swiggy’s IPO was met with considerable interest, oversubscribed 3.59 times overall. The breakdown of subscriptions is as follows:
- Qualified Institutional Buyers (QIBs): Oversubscribed 6.02 times
- Retail Individual Investors (RIIs): Subscribed 1.14 times
- Non-Institutional Investors (NIIs): Attracted 41% of total subscriptions
The IPO price band was set between ₹371 and ₹390 per share, aiming to raise approximately ₹11,327 crore, which includes a fresh issue worth ₹4,499 crore and an offer-for-sale (OFS) of up to 175.08 million equity shares.
Latest Grey Market Premium (GMP)
As of today, the grey market premium for Swiggy shares stands at ₹1, indicating a muted expectation for its listing. This is a significant decrease from earlier premiums, reflecting cautious investor sentiment amid broader market concerns.
How to Check Swiggy IPO Allotment Status
Investors can verify their allotment status through multiple platforms, including the registrar Link Intime India, as well as the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Here’s a step-by-step guide for each method:
Checking Allotment Status on Link Intime India
- Visit the Link Intime India website.
- Select “Swiggy” from the dropdown menu.
- Choose your Application Number, Demat Account Number, or PAN.
- Select either ASBA or non-ASBA as your application type.
- Enter the required details based on your selection.
- Complete the captcha and submit the form.
Checking Allotment Status on BSE
- Go to the BSE allotment page.
- Select ‘Equity’ under ‘Issue Type.’
- Choose ‘Swiggy Limited’ from the list.
- Enter your PAN or application number.
- Click on ‘I am not a Robot’ and press ‘Submit.’
Checking Allotment Status on NSE
- Visit the NSE website.
- Click on ‘Click here to sign up’ to register using your PAN.
- Enter your username, password, and captcha code.
- Look for the IPO allotment status on the new page.
What Happens Next?
For those who have been allotted shares, they can expect them to be credited to their Demat accounts by tomorrow, November 12. If shares are not allocated, the refund process will commence on the same day.The official listing date for Swiggy shares is scheduled for November 13, where investors will finally see how their investments perform in the public market.
Conclusion
The Swiggy IPO represents a significant milestone for one of India’s leading food delivery platforms. With strong institutional backing but mixed retail interest, investors are advised to monitor their allotment status closely and prepare for the upcoming listing.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
