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Public offer likely to value Swiggy at $11.2 billion
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initial public offering (IPO) will value the Bengaluru-based company at $11.2 billion, just a tad higher than its last round more than two years ago, according to people in the know.
The ₹11,300 crore IPO, among the largest this year in India, is likely to be launched on November 6, and will see as much as ₹6,800 crore in secondary sale through an offer for sale (OFS) with primary capital of ₹4,500 crore coming into the company.
First filed with the capital markets regulator Sebi in April, the public issue has seen the likes of BlackRock, CPPIB, State Bank of India Mutual Fund join in as foreign and domestic investors.
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