Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in

The highly-anticipated initial public offering (IPO) of online food and grocery delivery giant Swiggy is set to hit Dalal Street on November 6, aiming to raise approximately ₹11,327.43 crore from the primary market. Swiggy IPO comprises a fresh issue of 11.54 crore equity shares worth ₹4,499 crore and an offer-for-sale (OFS) component of 17.51 crore shares valued at ₹6,828.43 crore.

At the upper end of the price band of ₹371 to ₹390 per share, Swiggy IPO will value the Softbank-backed company at $11.3 billion, slightly higher than its valuation during the last funding round in 2022.