Wed Oct 30 05:47:39 UTC 2024: ## Swiggy IPO: Food Delivery Giant Set to Launch India’s Biggest IPO This Year

**MUMBAI, INDIA** – The IPO market is heating up in 2024, with several major companies making their debut and attracting investors. Following the record-breaking IPO of Hyundai Motors India, another major player is entering the scene: Swiggy, the popular online food delivery platform.

Swiggy’s IPO, expected to be one of the largest public offerings of the year, is scheduled to open on November 6th and will be available to investors until November 8th. Listing on the BSE and NSE is expected on November 13th.

The company is aiming to raise a whopping ₹11,300 crore through the IPO. This includes an offer for sale (OFS) of shares worth ₹6,800 crore from existing shareholders and fresh issuance of shares worth ₹4,500 crore. The IPO price band has been set at ₹371-390 per share, which could potentially value Swiggy at $11.2 billion.

Several prominent investors, including BlackRock and Canada Pension Plan Investment Board (CPPIB), are rumored to be participating in the IPO.

Swiggy’s IPO follows the successful listing of Zomato, another major player in the online food delivery sector, in 2021.

Swiggy received approval from the Securities and Exchange Board of India (SEBI) for its IPO in September 2024, after submitting the necessary documents earlier this year. This marks a significant milestone for the company, which has become a major player in the Indian food delivery market.

**Disclaimer:** This information should not be considered as investment advice. It is recommended to consult with your financial advisor before making any investment decisions.

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