Following the nod, the startup will now file two updated DRHPs – one addressing SEBI's comments on its confidential DRHP and another seeking public comments
While the final decision is yet to be taken, the startup is likely to launch its IPO in November
Swiggy declined to comment on the development
Foodtech major Swiggy has received approval from the Securities and Exchanges Board of India (SEBI) for its initial public offering.
Following the nod, the startup will now file two updated draft red herring prospectus (DRHPs) – one addressing SEBI’s comments on its confidential DRHP and another seeking public comments, Moneycontrol reported citing sources.