swiggy ipo

Bernstein initiates coverage on Eternal, Swiggy with ‘Outperform’ ratings, sees strong upside in QC, food delivery

by
Bernstein initiates coverage on Eternal, Swiggy with ‘Outperform’ ratings, sees strong upside in QC, food delivery

Global brokerage firm Bernstein has initiated coverage on India’s leading e-commerce platforms, Eternal and Swiggy, assigning an ‘Outperform’ rating to both, with target prices of Rs 390 and Rs 570, respectively. The firm believes that both players are well-positioned to tap into the fast-evolving digital consumption landscape, particularly within the food delivery (FD) and quick … Read more

Year in Review: There’s an Esop fable in startup Inc’s IPO run

by
Year in Review: There’s an Esop fable in startup Inc’s IPO run

Initial public offerings (IPOs) of eight new-age internet companies this year unlocked over Rs 8,500 crore for employees from their outstanding stock options. Impressive as it is, this pales in comparison to the nearly Rs 34,000 crore in wealth amassed by founders and promoters through equity and share options, as revealed in the companies’ red … Read more

HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430

by
HDFC Securities initiates coverage on Swiggy, sets target price of Rs 430

Citing Swiggy’s solid brand presence and user base, brokerage HDFC Securities has initiated coverage on the Dalal Street debutant with an Add rating and a stock target price of Rs 430. The brokerage highlights the company’s strong growth prospects in quick commerce but notes operational hurdles could impact its long-term profitability trajectory. The target price … Read more

Patient investors may subscribe to Swiggy IPO

by
Patient investors may subscribe to Swiggy IPO

Mumbai: Investors looking to subscribe Swiggy’s ₹11,327-crore initial public offering (IPO) may have to wait it out to make strong gains. With the current market outlook uncertain, analysts are not betting on a bumper listing but suggest holding the stock for a longer period for 25-30% returns. The IPO, which opens Wednesday and closes Friday, … Read more

Swiggy raises Rs 5,085 crore from anchor investors ahead of IPO opening

by
Swiggy raises Rs 5,085 crore from anchor investors ahead of IPO opening

Food delivery giant Swiggy Ltd has raised Rs 5,085 crore from anchor investors ahead of its initial public offering (IPO), which opens on Wednesday. Marquee funds who participated in the anchor round include Kotak MF, ICICI Prudential MF, Fidelity, Nomura, Axis MF, HDFC Life, ICICI Pru Life, Invesco, HSBC, Citigroup, Bofa Securities, Bandhan Multi Cap, … Read more

IPO Calendar: Swiggy among 5 IPOs to be served hot for investors next week

by
IPO Calendar: Swiggy among 5 IPOs to be served hot for investors next week

The primary market is set to be abuzz next week with the much-anticipated IPO of Swiggy, accompanied by four other offerings opening for subscription. In total, four IPOs are slated to launch on the mainboard, while Neelam Linens will make its debut in the SME segment. Apart from Swiggy, the mainboard segment will see issues … Read more

Swiggy IPO gets bids worth $15 billion from big investors like Norges, Fidelity: Report

by
Swiggy IPO gets bids worth billion from big investors like Norges, Fidelity: Report

Big investors including Norway’s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy‘s India IPO, 25 times the $605 million portion reserved for such investors, four sources told Reuters on Thursday. Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35 billion IPO … Read more

Swiggy management on increasing size of IPO to Rs 4499 cr, Q-commerce strategy & more

by
Swiggy management on increasing size of IPO to Rs 4499 cr, Q-commerce strategy & more

Rahul Bothra, CFO, and Sriharsha Majety, Co-Founder & CEO, Swiggy, in conversation with ET Now. Swiggy has increased the targeted primary fundraising through issuance of new shares to Rs 4,499 crore, from its earlier plan of Rs 3,750 crore. In the offer for sale (OFS) window, the company will sell 175.1 million shares. The company … Read more