Swiggy’s eagerly awaited IPO share allotment is expected to be finalized today, November 11, following high demand during the offering period from November 6 to November 8. The Rs 11,327-crore IPO by the food delivery giant was oversubscribed 3.59 times, with a strong demand of 57.53 crore bids placed for the 16 crore shares on offer. Here’s a step-by-step guide to help investors check their Swiggy IPO allotment status online in a few easy clicks.
How to Check Swiggy IPO Allotment on Link Intime:
- Visit the Link Intime IPO page at https://linkintime.co.in/initial_offer/.
- Select “Swiggy” from the dropdown menu.
- Enter your PAN, application number, or DP client ID.
- Click “Submit.”
- Your allotment status will be displayed.
How to Check on the BSE Website:
- Go to the BSE website, click on “Investors,” then select “Status of Issue Application.”
- Under issue type, choose “Equity.”
- Enter your PAN and select “Swiggy” as the issue name.
- Click “Search” to view your allotment status.
Swiggy’s Grey Market Premium (GMP) and Market Expectations:
Swiggy’s shares, initially showing a grey market premium of Rs 18 per share on November 1, have since seen a decrease to around Rs 1-2 per share amid mixed market trends. Swiggy’s price band is set between Rs 371-390 per share, valuing the company near Rs 95,000 crore at the upper end. Currently, Swiggy holds a 34% market share in India’s food delivery industry, second only to Zomato at 58%, and in the quick-commerce sector, its Instamart division controls 20-25% of the market, trailing Zomato’s Blinkit.
Investors can use this guide to track their IPO status and stay updated on Swiggy’s market debut.
