Swiggy Files Confidential Draft Papers With SEBI For IPO

SUMMARY

Swiggy has reported taken the confidential route for its IPO filing

The development comes a day after Swiggy’s shareholders approved its INR 10,414.1 Cr ($1.2 Bn) IPO

Swiggy’s IPO will comprise fresh issue of shares worth INR 3,750.1 Cr and an offer-for-sale component worth INR 6,664 Cr

Bengaluru-based food delivery major swiggy has reportedly filed for an initial public offering (IPO) via confidential pre-filing route with the Securities and Exchange Board of India (SEBI).

The development comes a day after Swiggy received approval from its shareholders for IPO worth INR 10,414.1 Cr ($1.2 Bn).

The startup’s IPO offer will include fresh issue of shares worth INR 3,750.1 Cr (about $449 Mn) and an offer-for-sale component worth INR 6,664 Cr (around $799 Mn), as per regulatory filings.  

While Monecontrol reported about Swiggy’s confidential papers filing for its IPO, the company has denied the matter.

[This is a developing article]