Swiggy IPO Allotment Date 2024
The much-anticipated Swiggy IPO allotment date has arrived, marking a significant milestone for investors who participated in one of India’s most talked-about public offerings of 2024. Today, November 11, brings the crucial moment when investors will discover their share allocation status in the food delivery giant’s ₹4,499 crore IPO.
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The journey began on November 6 when Swiggy opened its initial public offering, which concluded on November 8 with an impressive overall subscription of 3.59 times. The robust response from qualified institutional buyers (QIBs), who oversubscribed their portion by 6.02 times, demonstrates strong institutional confidence in Swiggy’s business model and future prospects.
Retail investors showed moderate enthusiasm with a 1.14 times subscription, while the employee quota received a healthy 1.65 times subscription. The non-institutional investors’ portion attracted 41% of the total subscriptions, reflecting a balanced mix of investor interest across categories.
For eager investors awaiting their allocation results, multiple channels are available to check their status. The official registrar, Link Intime India Private Ltd, provides the primary platform for verification. The process is straightforward and can be completed in minutes through their portal.
Swiggy IPO Allotment Date 2024: Important Dates to Remember:
- Allotment Finalization: November 11, 2024
- Refund Initiation: November 12, 2024
- Share Credit to Demat: November 12, 2024
- Listing Date: November 13, 2024
The current grey market premium (GMP) of +₹1 suggests a modest but positive market sentiment, indicating an expected listing price of ₹391 compared to the issue price of ₹390. This conservative premium reflects measured market expectations amid current economic conditions.
The IPO structure includes a fresh issue worth ₹4,499 crore and an offer-for-sale (OFS) of 175,087,863 equity shares from various selling shareholders, including prominent names like Accel India IV, Tencent Cloud Europe, and other major investors.
For investors eager to check their allocation status, here’s a simplified guide:
Through Link Intime India:
- Visit the Link Intime portal
- Select Swiggy IPO
- Enter your application details
- Complete the verification
- View your allocation status
Through BSE:
- Access BSE’s investor portal
- Choose ‘Equity’ under Issue Type
- Select Swiggy IPO
- Input your PAN/application number
- Submit and check status
The Swiggy IPO marks a significant milestone in India’s startup ecosystem, and the allotment results will be closely watched by market participants. Whether you’re a retail investor or an institutional player, staying informed about your allocation status is crucial for planning your next investment moves.
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FAQs
Q1: What happens if I’m not allocated shares in the Swiggy IPO?
If you don’t receive an allocation, the refund process will begin on November 12, 2024. The amount will be credited back to your bank account used for the application. You can track the refund status through your bank statement or the registrar’s website.
Q2: How can I check my Swiggy IPO allotment status if the website is experiencing heavy traffic?
During peak hours, you can:
Try alternative platforms (BSE/NSE websites)
Check through your broker’s portal
Wait for the official SMS/email notification
Try during off-peak hours
Keep your application details handy for quick reference
