Swiggy gets investor approval to increase IPO size to Rs 5,000 crore

Food tech major Swiggy has received shareholder approval to increase the primary issue size of its Initial Public Offering (IPO) from Rs 3,750 crore to Rs 5,000 crore at an Extraordinary General Meeting (EGM) held on October 3.

The company has created a provision for the larger IPO, allowing for an additional Rs 1,250 crore if further funding is required. Notably, the offer for sale (OFS) component remains unchanged at Rs 6,664 crore.