Tue Oct 29 17:42:18 UTC 2024: ## Swiggy IPO to Open on November 6th, Expected to be India’s Second Largest This Year

**New Delhi, India** – Swiggy, the popular food and grocery delivery platform, has announced the opening date for its Initial Public Offering (IPO). The IPO will open on November 6th and close on November 8th, with anchor investors being able to apply on November 5th. Swiggy’s listing is expected to take place on November 13th.

This IPO is set to be India’s second-largest of the year, following the recent IPO of Hyundai Motor India.

Swiggy’s IPO will be worth a total of ₹11,327.43 crores. The Bengaluru-based company has revised its primary issuance target, increasing it from ₹3,750 crores to ₹4,499 crores. The offer for sale (OFS) has also been adjusted, with a total of 17.51 crore shares being offered, down from the initial 18.53 crore.

Prosus, Swiggy’s largest investor, is planning to sell 10.91 crore shares, while other shareholders will also participate in the OFS. The IPO price band is set at ₹371-390 per share.

Swiggy will face competition in the food delivery market from its main competitor, Zomato, which currently has a market cap of approximately $26.5 billion on the BSE.

**Disclaimer:** This news article is for informational purposes only and should not be considered investment advice. The equity market involves risk, and investors should invest at their own risk. It is advisable to consult with an expert before making any investment decisions.

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