Swiggy IPO: The IPO of food delivery app Swiggy is going to open for subscription next week. Swiggy’s IPO will open on Wednesday, November 6 and close on Friday, November 8. Swiggy is going to raise a total of Rs 11,327.43 crore through this IPO. Let us tell you that the money of many big celebrities is invested in this company. The celebrity investors we are going to talk about here had invested money in the initial stages of the company itself.
Rahul Dravid has invested in Swiggy
Celebrities who have invested in Swiggy include veterans from the film industry and sports world. Let us tell you that before the IPO, Swiggy shares were actively traded in the market in the unlisted market. Where former Team India captain and coach Rahul Dravid, Zaheer Khan, tennis players Rohan Bopanna, Karan Johar and Ashish Chaudhary had bought stake in the company. Apart from this, Bollywood stars like Amitabh Bachchan and Madhuri Dixit have also bought shares of Swiggy in the pre-IPO round through the secondary market.
Billionaire Ramdev Aggarwal has also invested money in the company
According to reports, Ramdev Aggarwal, chairman and co-founder of Motilal Oswal Financial Services, has also bought stake in Swiggy. Swiggy has also received an overwhelming response from institutional investors for its $600 million anchor book. Global investment firms Fidelity, Capital Group and Norges Bank Investment Management are also among the major investors to participate in Swiggy’s IPO.
The company has fixed the price band of Rs 371 to Rs 390.
Let us tell you that the online food delivery company has fixed the price band of Rs 371 to Rs 390 for each share under its IPO. Employees of the company applying for IPO will be given a discount of Rs 25 on each share. Under this IPO, 11,53,58,974 new shares worth Rs 4499.00 crore will be issued. Along with this, the promoters of the company will issue 17,50,87,863 shares worth Rs 6828.43 crore through OFS.
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