Swiggy Files Updated DRHP With SEBI For INR 3,750 Cr IPO

Swiggy Files Updated DRHP With SEBI For INR 3,750 Cr IPO

SUMMARY

As per the DRHP, Swiggy’s public issue will comprise a fresh issuance of shares worth INR 3,750 Cr and an OFS component of 18.53 Cr equity shares

Investors such as Accel, Coatue, Alpha Wave, Elevation, Norwest and Tencent will sell shares as part of the OFS component

This comes days after reports surfaced that SEBI approved the DRHP filed by the foodtech major via confidential route

Foodtech giant Swiggy on Thursday (September 26) filed its first updated draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an INR 3,750 Cr ($450 Mn) initial public offering. 

As per the DRHP, Swiggy’s public issue will comprise a fresh issuance of shares worth INR 3,750 Cr and an offer for sale (OFS) component of 18.53 Cr equity shares.

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