Wed Oct 30 19:02:46 UTC 2024: ## Swiggy IPO Opens on November 6th, 2024: Grey Market Premium Drops to ₹25

**Mumbai, India – October 31, 2024:** The highly anticipated Initial Public Offering (IPO) of food delivery platform Swiggy will open for subscription on Wednesday, November 6, 2024, and close on November 8, 2024. While the initial grey market premium (GMP) was promising, it has since experienced a decline.

According to data from IPOwatch, Swiggy’s GMP has dropped to ₹25. This figure, as of 11 PM on October 30, 2024, is corroborated by investorgain. Previously, the GMP had reached a high of ₹130.

Despite the drop in GMP, the current premium still indicates a potential listing price of around ₹415, based on the upper price band of ₹390 set for the IPO. This translates to a 6.41% premium over the IPO price.

The allotment of shares is expected to finalize on Monday, November 11, 2024, with the shares being listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, November 13, 2024.

The total IPO size amounts to ₹11,327.43 crore. Retail investors can bid for a minimum of 1 lot (38 shares) and a maximum of 13 lots, requiring a minimum investment of ₹14,820.

The IPO includes a fresh issue of ₹4,499 crore and an offer for sale (OFS) of 175,087,863 equity shares from existing shareholders.

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