CIOInsider India Magazine
Swiggy Launches Rs.10,000 Crore QIP
Swiggy Ltd, a food and grocery delivery service, has initiated its qualified institutional placement, with reports suggesting an issue size of $1.11 billion, which is around Rs.10,000 crore.
As per several sources knowledgeable about the progress, the indicative floor price for the QIP has been established at Rs.371 per share, indicating a 6.8 percent discount from the last closing price of Rs.398.05.
Previously, its Investment & Allotment Committee approved the initiation of a qualified institutional placement of equity shares with a face value of Rs.1 each.
The company stated that the action comes after the endorsement of its board of directors during the meeting conducted on November 7, 2025, and the special resolution approved by shareholders at the extraordinary general meeting on December 8, 2025.
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The committee established the floor price for the offering at Rs.390.51 per equity share and sanctioned the preliminary placement document dated December 9, 2025, together with the application form. December 9, 2025, has been established as the pertinent date for the matter.
The Swiggy board sanctioned raising funds of up to Rs.10,000 crore in one or several tranches via the Qualified Institutional Placement (QIP) method or other allowed avenues last month, aiming to strengthen growth capital in a competitive landscape
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The ultimate issue price will be established in coordination with the book-running lead managers.
The Swiggy board sanctioned raising funds of up to Rs.10,000 crore in one or several tranches via the Qualified Institutional Placement (QIP) method or other allowed avenues last month, aiming to strengthen growth capital in a competitive landscape.
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In a regulatory filing, Swiggy informed that its board of directors at its meeting held on November 7 has approved the raising of funds by way of public or private offerings including, through one or more tranches, by way of QIP or any other permitted modes to the eligible investors as may be permitted, for an aggregate amount of upto Rs.10,000 crore, subject to the receipt of necessary approvals.
