Swiggy's Shareholders Give Approval For $1.2 Bn Mega IPO

[{"selector":"#anim-01445944-8f5d-468d-ae5d-0edb5839b1fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c686dd23-a8c7-4d32-870b-c1bcc84ec760","keyframes":{"transform":["translate3d(-122.04545%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b1a084d-1d63-4505-885e-61418a478e7f","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Swiggy has secured approval from its shareholders for an IPO worth INR 10,414.1 Cr ($1.2 Bn).

[{"selector":"#anim-12c7b0f9-b774-43e9-b59f-130b0a8afc45 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(41.481369988740006%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3ed7ff69-5e7d-4ad2-abca-55e9c11eafe9","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34acfdfc-f1f9-4b87-9ff6-7306e5a86edf","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f50caab-be18-486b-8aad-735d05a68e08","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e310255d-6597-45f1-bff4-431b9e10f741","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e3c18de-8b25-40b3-ab9e-7d5b006f1bae","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74ada6e4-8f9c-4e60-a049-ae6bee1e3433","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-28314575-981f-4c43-9e69-c4a8ddfe5ebf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

IPO offer will include fresh issue shares worth INR 3,750.1 Cr (~ $449 Mn), besides offer-for-sale worth INR 6,664 Cr (~$799 Mn), as per regulatory filings.

[{"selector":"#anim-41b71871-da48-4898-a83c-e1b5ddb1f24b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.258413325416424%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f0f85c3d-8550-4d46-bca8-ffab332ad982","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e05ecf99-5e6d-4ef8-b865-3dcb43ba4ee1","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01ec034f-b3f2-471b-970f-2c987852ea8b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5d1d88cf-2a46-4720-93ab-5c63b4e8486f","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00edb9b3-0dcb-4dc3-b2c5-092116d44ee7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cba7560c-d23f-47d3-a02a-c69cd81943c0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-568555bc-7540-4d49-8f3b-088108b6cd77","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Besides the IPO offer, Swiggy is also eyeing a pre-IPO round worth INR 750 Cr in consultation with its Book Running Lead Manager

[{"selector":"#anim-74589275-3e42-4771-9e0b-cdfd4d1c306f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(22.551081640965293%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-68dacce5-f67f-4171-9c37-5256cbff7e80","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dac46a8f-0e28-4f21-a1b3-0ca7c2bf8271","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52264bd2-66d9-436f-bcb3-2284ef777a11","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9dd40018-fa28-49a7-b587-0b25daa1d1ea","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d3677d9-1fb0-484a-b56c-5c0dea8355d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d853a02-2176-4654-87fe-0f0a2c716664","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-2f6513c7-1711-448c-9f4f-4f6bbb2a643c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

However, it needs to be noted that the shareholders selling their stakes are yet unknown and will be disclosed in the company’s draft red herring prospectus (DRHP).

[{"selector":"#anim-8a714c00-c925-40dd-91dd-51b2d92f6663 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.14843738256772%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-69a1b183-e254-4a0e-a27f-a7c27c1fcf52","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a1a4a10-3f66-4f08-b079-0c505f1f9d01","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75bb32ed-2ced-403f-bb7f-0dd03d150825","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0bed56ab-6845-4daf-bb5e-c5bb883a8cca","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c6c4fda2-4767-47c9-af14-03d3a9e886d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-267380e8-ee9c-443b-bf4a-f35b10b93f5e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-243a5702-77fb-4fca-9e1a-ec6a1a124df2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

However, it needs to be noted that the shareholders selling their stakes are yet unknown and will be disclosed in the company’s draft red herring prospectus (DRHP).

[{"selector":"#anim-34891c32-10b0-41d1-a2a5-e7f0c3157203 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.500600835980205%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ba53c64d-0177-4cab-ac60-70fa520cfca1","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a2499b9-b991-4320-aeca-6ba529efcc23","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ffe1f780-6d5c-4cee-bc80-38234712de04","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e74bfe2b-c69c-42a7-a768-821958b55a22","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-993c3d8b-026e-4655-bbc3-a3f98b1b9eb6","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcc144a3-116d-4bcd-a963-fb2dcfa04f37","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-bd5cc771-72d6-4be6-98b8-2f53ae56f045","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Keep track with Swiggy's Mega IPO here!

[{"selector":"#anim-c1108276-e53a-4c51-be00-3d3f2621cf8e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-efcdb56a-238c-4a5e-979c-21f81d38faee","keyframes":{"transform":["translate3d(-121.59092%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35524f2c-f946-41af-9dad-f14cb78505af","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52922aca-8c6a-4f93-aaff-f159395d8dae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.27572053676031%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn More!