Swiggy, the popular food and grocery delivery platform, has submitted draft papers to SEBI, the capital markets regulator, for raising funds through an initial public offering (IPO). If launched, Swiggy will become the second company in the food delivery sector, following Zomato, to be listed on the stock exchanges.
The IPO consists of a fresh issue of equity shares amounting to ₹3,750 crore and an offer for sale of 1,85,286,265 equity shares by existing shareholders.
Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, JP Morgan India, BofA Securities India, and ICICI Securities have been appointed as the book-running lead managers for the issue.
