Swiggy IPO allotment status: Check details like this

Swiggy IPO allotment status: After the Rs 11,327-crore IPO received 3.59 subscriptions over the course of three days from November 6–8, Swiggy shares are expected to be distributed to successful bidders on November 11.

Over 57.53 crore shares were bought on in the first share sale, out of the 16 crore shares that were up for grabs. On Wednesday, November 13, Swiggy shares will be launched on the markets.

Using their application number or PAN information, those who purchased shares in the first share sale by the food delivery and quick-commerce business may check their allocation status on the registrar Link Intime India Private Limited’s official website.

You may check the Swiggy IPO allotment status on the BSE website as well

Step 1: Click this link to access the issue’s official registrar: https://linkintime.co.in/initial_offer/

Step 2: From the dropdown menu, choose the business.

Step 3: By entering information such as your PAN, application number, or DP client ID, you may verify your allocation status.

Step 4: Click the “Submit” button.

Step 5: The window will provide your allocation status.

Check the BSE’s Swiggy IPO allotment status

Step 1: Go to the Bombay Stock Exchange’s (BSE) website.

Step 2: Select the ‘Investors’ menu item.

Step 3: Select ‘Status of Issue Application’ from the ‘Investor Services’ dropdown menu.

Step 4: Click ‘Application Status Check’ in step four.

Step 5: In the problem type, choose Equity.

Step 6: Enter all necessary information, including the “Issue Name.”

Step 7: To see the status, enter your PAN number and click Search.

Price of Swiggy IPO GMP Today

Due to a sluggish trend in the grey market, Swiggy’s shares are anticipated to launch on Wednesday in a subdued manner. Amid worries about the company’s route to profitability and wider market issues, the grey market premium has steadily decreased for the food delivery platform’s shares.

In the unofficial market, Swiggy shares are fetching a GMP in the range of Re 1-2, suggesting a flat listing, according to IPO Watch and Investor Gain, which monitor gray market premium activity. This is a significant decline from November 1, when shares were trading at a GMP of Rs 18, representing a modest 4.62 percent gain.

The market is also cautious during the IPO launch, with issues including the downturn in urban demand and the withdrawal of foreign investors affecting investor mood.

Due to losses in blue-chip firms Reliance Industries, ICICI Bank, and State Bank of India, as well as persistent outflows of foreign funds, stock markets ended Friday’s trading session down for the second day in a row. The benchmark BSE Sensex ended the day at 79,486.32, down 55.47 points, or 0.07 percent. It fell 424.42 points, or 0.53%, to 79,117.37 throughout the day. At 24,148.20, the NSE Nifty fell 51.15 points, or 0.21 percent.

For its initial public offering (IPO), Swiggy, the massive food and grocery delivery firm located in Bengaluru, established a price range of Rs 371-390 per share, with the high end of the band valuing the company at over Rs 95,000 crore.

After Zomato, Swiggy is the second-biggest participant in India’s food and grocery delivery market. According to latest brokerage estimates, Zomato dominates the food delivery industry with 58 percent, while Swiggy has 34 percent. Swiggy’s Instamart is predicted to have a 20–25 percent market share in the rapid commerce area, while Zomato’s Blinkit has a 40–45 percent market share.