Swiggy files updated prospectus, to raise Rs 3,750 crore in IPO

Food and grocery delivery firm Swiggy Thursday filed an updated prospectus for its proposed initial public offering (IPO) comprising a fresh issue of Rs 3,750 crore (around $450 million) and an offer for sale of 185.3 million shares – which as per the company’s last board approval was around $800 million.

The Bengaluru-based company had filed the prospectus confidentially with the Securities and Exchange Board of India (Sebi) in April for the public issue, and received the approval earlier this week.