Swiggy IPO received a lukewarm response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day. The food delivery company’s IPO opened on Wednesday and was subscribed 12 per cent on the first day.
As of 5 pm on Thursday, the qualified institutional buyers (QIBs) portion was subscribed 28 per cent or 0.28 times, the non-institutional investors (nii) portion 14 per cent or 0.14 times, the retail individual investors (RIIs) portion 84 per cent or 0.84 times and the employee portion was subscribed 1.15 times or 115 per cent.
The public issue will close for bids on November 8. Swiggy has fixed the price band between Rs 371 and Rs 390. Shares of the food delivery company will be listed on NSE and BSE on November 13, while allotment of shares will happen on November 15.
