Overview
- Issuance totalled 26.7 crore shares priced at ₹375, roughly 4% below the ₹390.51 floor.
- ICICI Prudential AMC, SBI Mutual Fund and Aditya Birla Sun Life MF took about ₹3,700 crore combined, accounting for over a third of the allocation.
- Proceeds are earmarked for Instamart expansion (₹4,475 crore), brand marketing (₹2,340 crore) and technology and cloud infrastructure (₹985 crore), with scope for M&A.
- Allocations were made to 61 investors with over 15 new shareholders, spanning sovereign wealth funds, mutual funds, insurers and foreign institutional investors.
- Swiggy targets a quick‑commerce fulfilment footprint of 6.7 million sq ft by end‑2028 and recently reported 54% year‑on‑year revenue growth to ₹5,561 crore alongside a ₹1,092 crore quarterly net loss.