Food-Delivery Firm Swiggy Eyes $1.35 Billion IPO Next Week

IPO to open for bids Nov. 6, shares to debut in Mumbai Nov. 13
Swiggy’s IPO follows Hyundai India’s record sale recently

A Swiggy courier in Mumbai.
Photographer: Dhiraj Singh/Bloomberg

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By Anto Antony

October 28, 2024 at 11:23 AM UTC

Updated on

October 29, 2024 at 3:00 AM UTC

This article is for subscribers only.

Indian food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, people familiar with the matter said.

The IPO will open for bids from Nov. 6 to Nov. 9, and shares are expected to start trading from Nov. 13, according to the red herring prospectus published Tuesday. Anchor investors can put in orders on Nov. 5, and about $535 million will be raised from sale of new shares, according to the document.