The much-anticipated Swiggy IPO share allotment is set to be finalized today, November 11, marking an exciting moment for investors. With an oversubscription rate of 3.59 times and a promising grey market premium (GMP), Swiggy’s IPO has garnered strong interest across investor categories. Here’s a guide to the Swiggy share price, allotment status check, and other important details you need to know.
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Swiggy IPO Allotment Overview
Swiggy’s IPO subscription period ran from November 6 to November 8 and saw robust demand:
- Overall Subscription: 3.59 times
- Qualified Institutional Buyers (QIBs): 6.02 times
- Retail Individual Investors (RIIs): 1.14 times
- Non-Institutional Investors: 41% subscribed
- Employee Allocation: 1.65 times
The response underscores investor confidence in Swiggy’s future growth potential, with demand driven by both QIBs and RIIs.
How to Check Swiggy IPO Allotment Status
If you have applied for Swiggy shares, here’s a step-by-step guide on how to check your allotment status through Link Intime India (the IPO registrar), BSE, and NSE websites.
1. Checking Allotment Status on Link Intime India
- Visit Link Intime: Go to Link Intime’s IPO portal.
- Select IPO: From the dropdown, choose Swiggy IPO once the allocation is finalized.
- Choose Application Mode: Select either Application Number, Demat Account, or PAN.
- Select Application Type: Choose either ASBA or non-ASBA.
- Enter Details: Provide the requested details based on the selection in step 3.
- Submit: Complete the CAPTCHA and submit the form.
2. Checking Allotment Status on BSE
- Visit BSE Allotment Page: Head to BSE’s allotment status page.
- Select Equity: Choose ‘Equity’ under the ‘Issue Type’ dropdown.
- Pick Swiggy IPO: Select the Swiggy IPO from the ‘Issue Name’ list.
- Enter PAN or Application Number: Fill in your details.
- Submit: Complete the CAPTCHA verification and press ‘Submit’.
3. Checking Allotment Status on NSE
- Visit NSE Website: Go to NSE IPO allotment page.
- Sign Up: Register using your PAN if it’s your first time checking on NSE.
- Log In: Enter your login credentials.
- Check Status: Navigate to the IPO allotment section to view your Swiggy IPO allotment status.
Swiggy IPO Refund and Listing Date
For those who didn’t receive shares in the allotment, the refund process will initiate on November 12. Investors who were allotted shares can expect them to be credited to their demat accounts the same day. The Swiggy IPO listing date is set for Wednesday, November 13.
Swiggy Share Price and Grey Market Premium (GMP) Insights
The Swiggy’s share price in the grey market currently holds a GMP of ₹1, suggesting that shares are trading slightly above the issue price of ₹390. This premium implies a projected listing price of ₹391 per share, representing a modest 0.26% gain over the IPO price. Although initial GMPs ranged up to ₹25, recent market trends have shown a downtrend, as per investorgain.com.
Details of Swiggy’s IPO
Swiggy’s IPO includes a fresh issue of ₹4,499 crore alongside an offer-for-sale (OFS) of 175,087,863 shares by existing shareholders, including Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, Coatue PE Asia XI, DST EuroAsia, and Tencent Cloud Europe. The offering is being managed by top investment banks like Kotak Mahindra Capital, Citigroup, and Jefferies, with Link Intime India Private Ltd as the registrar.
Final Thoughts
As Swiggy makes its way to the stock market, all eyes are on the listing performance and Swiggy share price. With a modest GMP, the IPO signals steady but cautious investor interest. Remember to verify your allotment status through the steps above and stay tuned for Swiggy’s official listing on November 13.
Disclaimer: Investment decisions should be based on careful analysis and expert consultation.
