Swiggy’s confidential IPO filing gets Sebi nod, share sale likely in November

Mumbai: Food and grocery delivery startup Swiggy has received approval from the Securities and Exchange Board of India (Sebi) for a public listing, following its confidential IPO filing earlier this year, according to two people familiar with the development.

The company will now need to submit an updated draft red herring prospectus (DRHP), after which Swiggy can begin its roadshows for the initial share sale, the first of the two people cited earlier said, requesting anonymity.