Swiggy IPO: QIBs do final-day heavylifting, isssue subscribed 3.6x
The Rs 11,327-crore initial public offer (IPO) of food delivery and quick-commerce major Swiggy was fully subscribed on the final day of the share sale on Friday, and ended with 3.6 times subscription.
Over 90 per cent of the bids came from qualified institutional buyers (QIBs), with their portion being booked 6 times. The high net-worth individual (HNI) portion was subscribed 41 per cent, while retail and employee quotas saw subscriptions of 1.14 times and 1.65 times, respectively.
