Update has come on Swigyy’s IPO, draft will be filed with SEBI this week

The long wait for the IPO of food delivery company Swiggy is about to end. It is being said that the Softbank-backed food delivery company may file a draft of the IPO with market regulator SEBI this week.

Swiggy’s IPO can be this big

According to a report by ET, Swiggy is considering filing a draft of the proposed IPO this week. The company is going to try to raise more than $1 billion from the market through this IPO. Information about the possible size of the IPO has not been officially given yet. This claim has been made in the report quoting sources related to the matter. Sources say that issues like the size and timing of the IPO are still under consideration. Changes are possible in them.

7 new IPOs are opening this week

Swiggy’s IPO is coming at a time when the market is flooded with share sale offers. Companies are coming up with IPOs one after the other. This year, IPOs have been launched at a record pace and many companies are lined up to launch IPOs in the coming days. Seven new IPOs are being launched in the market this week.

This IPO of Bajaj created new records

The IPO market was busy last week as well. Bajaj Group’s new IPO created a stir in the market last week. Bajaj Housing Finance received such a great response from investors that a new record of maximum applications was created. After that, shares of Bajaj Housing Finance are going to be listed in the market today.

IPOs of Hyundai and LG in queue

According to a Bloomberg report, so far this year, various companies have raised about $7.8 billion from the market through IPOs. This year, IPOs of many big companies can be launched. South Korean automobile company Hyundai is preparing to bring an IPO of its Indian unit. Hyundai India’s IPO can set a new record in the IPO market in terms of size. Recently, news of LG Electronics’ IPO also came out. It is being said that LG Electronics is preparing to bring a huge IPO of $1.5 billion.

Also read: These great stocks dominated the market, the price has gone up every day in the last 5 days