Swiggy Ltd - IPO

Swiggy Ltd IPO Details

Initial public offering of 290,494,914* equity shares of face value of Re. 1 each (Equity Shares) of Swiggy Limited (The Company or the Company) for cash at a price of Rs. 390^ per equity share (including a premium of Rs. 389^ per equity share) (Offer Price) aggregating to Rs. 11327.43 crores^ (the Offer) comprising a fresh issue of 115,407,051 equity shares aggregating to Rs. 4499.00 crores^ (the Fresh Issue) and an offer for sale of 175,087,863 equity shares aggregating to Rs. 6828.43 crores (the Offer for Sale), consisting of 4,682,842 equity shares aggregating to Rs. 182.63 crores by the individual selling shareholders (as defined hereinafter) and 170,405,021 equity shares aggregating to Rs. 6645.80 crores^ by corporate selling shareholders (as defined hereinafter) (collectively, the Selling Shareholders and such equity shares, the Offered Shares). The offer included a reservation of 750,000 equity shares of face value of Re. 1 each, aggregating to Rs. 27.38 crores, for subscription by eligible employees not exceeding 5% of its post-offer paid-up equity share capital (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitutes 12.98% and 12.94%, respectively, of the fully diluted post-offer paid-up equity share capital of the company. The company, in consultation with the brlms offered a discount of Rs. 25 per equity share to eligible employees bidding in the employee reservation portion (Employee Discount). The face value of the equity share is Re. 1 each and the offer price is 390 times the face value.^An employee discount of Rs. 25 per equity share was offered to eligible employees bidding in the employee reservation portion.

Objective of issue

Investment in its Material subsidiary scootsy for repayment or pre payment in full or in part of certain or all of its borrowings. Expansion of its Dark Store network for its quick commerce segment through dark stores. Making lease licence payments for dark stroes. Investment in technology and cloud infrastructure. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform across its segments. General corporate purposes.

Swiggy Ltd Contact Details

Swiggy Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - secretarial@swiggy.in

Website - www.swiggy.com