Swiggy raises ₹5,085 cr from anchor investors; IPO opens today
The food delivery company looks to raise ₹11,300 crore via IPO, which is the second biggest issue of the year after Hyundai Motor India.
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Loss-making Swiggy’s ₹11,327 cr IPO ‘overvalued’: Brokerages
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
Swiggy to raise ₹11,300 cr at price band of ₹371-390; IPO to open on Nov 6
The IPO is a mixture of a fresh issue of shares worth ₹4,500 crore and an offer for sale of ₹6,800 crore by existing shareholders.
IPO update: Swiggy, Niva Bupa, Mobikwik, and 4 others are set to hit D-Street in Nov
Zomato rival Swiggy is expected to launch its IPO in the first week of November.
Why brokerages are bullish on Zomato post Q2
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
Swiggy IPO risk factors investors should know
Swiggy's net loss widened to ₹611 crore during the June quarter as against a loss of ₹564 crore a year ago.
Hindustan Composites picks up stake in IPO-bound Swiggy; stock surges 9%
The auto ancillary company plans to acquire 1.5 lakh shares, or 0.01% stake, in Swiggy in an all-cash deal worth ₹5.18 crore.
India's foodservice market set to grow 12% to ₹10 lakh cr by 2030
Online food delivery is poised to rise at a CAGR higher than the industry’s at around 18%, making up for 20% of the overall food services market in 2030, say a study.
'Faster than Swiggy': Zomato stock surges as brokerage cheers growth numbers
Brokerage major CLSA has a ‘BUY’ call on the stock, with a price target of ₹248, an upside potential of 28% from the current levels
Swiggy shareholders approve $1.25 bn fundraising via IPO
Swiggy shareholders pass a special resolution to raise ₹3,750 crore via fresh issue and up to ₹6,664 cr through OFS by shareholders
