Swiggy raises primary issuance to Rs 4,499 cr, cuts OFS to 175.1 mn shares

Food and grocery delivery giant Swiggy has officially filed for an Rs 11,300 crore Initial Public Offering (IPO) with India’s Securities and Exchange Board of India (Sebi). The Bengaluru-based company increased its primary issuance target to Rs 4,499 crore, up from an earlier Rs 3,750 crore shares. The offer for sale (OFS) has also been revised, with a total of 175.1 million shares, down from 185.3 million.