Details on Swiggy IPO price band, Swiggy IPO upper price band
Online food delivery company Swiggy may set the upper price band for its IPO at Rs 390. This news was revealed by Bloomberg sources. This move will make Swiggy one of the most important listings in the Indian stock market this year, attracting considerable interest from investors interested in India's fast-growing food delivery and quick commerce sector. The company aims to raise $ 1.35 billion (about Rs 11,700 crore) through the IPO to further expand its market presence, enhance technological capabilities, and promote its diversification into new areas, including grocery delivery through its Instamart service. The company's valuation at the upper price will be $ 11.3 billion. Setting the upper price band at ₹ 390 reflects the company's confidence in its valuation and growth potential, given its position as a leading player in the competitive landscape. Swiggy's IPO will allow retail investors to invest in the rapidly growing digital economy. Investors are likely to eva...