Swiggy, the popular food delivery company, is finalizing its IPO share allotment today, Monday, November 11. Investors who applied for Swiggy’s Initial Public Offering (IPO) can now check their allotment status on the official IPO registrar portal, Link Intime India. The Swiggy IPO opened for public subscription on Wednesday, November 6, and closed on Friday, November 8, with impressive interest from investors across various categories.
The IPO witnessed strong interest, closing at a subscription rate of 3.59 times on the final day. According to data from the Bombay Stock Exchange (BSE), the share allocation for different investor categories showed varied levels of interest:
- Qualified Institutional Buyers (QIBs): Oversubscribed by 6.02 times, indicating significant interest from large investors.
- Retail Individual Investors (RIIs): Subscribed 1.14 times, reflecting moderate demand from individual investors.
- Non-Institutional Investors (NIIs): Attracted 41% of total subscriptions.
- Employee Category: Subscribed 1.65 times, showing high engagement from employees.
This strong demand was observed throughout the subscription period. By the end of the first day, Swiggy’s IPO saw a 12% subscription rate, which climbed to 35% by the second day before reaching 3.59 times on the final day.
How to Check Swiggy IPO Allotment Status
Investors who applied for the Swiggy IPO can check their allotment status through multiple methods, including the Link Intime portal, BSE, and NSE websites.
Checking Allotment Status on Link Intime Portal
- Visit the Website: Go to Link Intime’s public issue page.
- Select Swiggy IPO: Choose “Swiggy IPO” from the dropdown menu once it appears.
- Enter Details: You can choose to check by Application Number, Demat Account, or PAN.
- Choose Application Type: Select between ASBA (Application Supported by Blocked Amount) or non-ASBA.
- Enter the information, complete the captcha, and click “Submit” to check your allotment status.
Checking on BSE Website
- Visit the BSE allotment page to view the details.
- Select Equity as Issue Type: Choose “Equity” from the options.
- Enter Information: Select Swiggy IPO, then enter your PAN or application number.
- Verify and Submit: Check the “I am not a Robot” box and click “Submit” to see your status.
Checking on NSE Website
- Visit NSE’s IPO Page: Go to NSE IPO page.
- Register/Login: Sign up with your PAN, then log in with your username and password.
- Check Status: Follow the prompts to find the IPO allotment status.
What’s Next After Allotment?
For investors who did not receive shares in the allotment, Swiggy will begin the refund process on Tuesday, November 12. Meanwhile, investors allotted shares will see them credited to their demat accounts on the same day.
Swiggy shares are scheduled to debut on the stock market on Wednesday, November 13. Currently, the Grey Market Premium (GMP) for Swiggy shares is at +1, suggesting a premium of ₹1 over the issue price. With the IPO price set at ₹390, the expected listing price may reach ₹391, representing a slight 0.26% increase. Over the last few weeks, the GMP has ranged from ₹0 to a maximum of ₹25, indicating fluctuating demand in the grey market.
Swiggy IPO Details
The Swiggy IPO consists of a fresh issue worth ₹4,499 crore, along with an offer-for-sale (OFS) of 175,087,863 shares by existing investors. This combined structure has attracted interest from both institutional and retail investors, and the upcoming listing will mark Swiggy’s entry into the public market.
With the allotment results available today, Swiggy’s IPO is one of the most anticipated listings of the year. Investors are closely watching the listing, given its popularity and the modest premium indicated in the grey market. However, before investing in any IPO, it’s important to do thorough research to understand the company’s business model, financial health, and growth potential. Careful analysis can help investors make informed decisions and better manage investment risks. Keep an eye on Swiggy’s performance after its listing date on November 13, as it will offer insight into investor sentiment and market trends.
