Swiggy announces price band of Rs 371-390 for its initial public offering

Swiggy on Wednesday announced a price band of ₹371-390 for its initial public offering (IPO) that will mobilise ₹11,330 crore.

The food delivery platform said it has not experienced any moderation in urban demand on its business.

This comes at a time listed FMCG firms such as Hindustan Unilever Ltd have reported disappointing numbers for the second quarter ended September 30, 2024 citing a slowdown in urban demand.