Swiggy’s IPO plan gets green light from SEBI, launch likely in November

The Securities and Exchange Board of India (Sebi) has approved Swiggy’s plan to proceed with its initial public offering (IPO), according to sources familiar with the matter. Swiggy had submitted its offer document to Sebi on April 30 through the pre-filing (confidential) route, which means the details of the IPO are not publicly available yet. However, reports indicate that the company has increased the size of the IPO to over Rs 11,000 crore, including a fresh capital raise of Rs 5,000 crore.