Swiggy's IPO share allotment today: How to check status online
Bengaluru-based online food and grocery delivery giant Swiggy is expected to finalize its IPO share allotment later today. The shares will be distributed via a lottery system under the strict supervision of the registrar. Investors will learn how many shares have been allocated to them against their bids. Swiggy's IPO has garnered a tepid response from investors with an overall subscription of a little over three times at close.
How to check Swiggy IPO allotment status
Investors can check their allotment status via BSE or the registrar's website. On BSE, investors will have to visit the BSE website, select 'Swiggy' from a drop-down menu, and enter their application number or PAN number. Alternatively, they can visit Link Intime India's website, select 'Swiggy IPO,' enter their PAN details and click search to know the status. Swiggy shares will be listed on the bourses on November 13.
Swiggy's IPO proceeds and financial performance
Swiggy intends to utilize the IPO proceeds for investment in its subsidiary Scootsy, technology and cloud infrastructure, brand marketing, and business promotion over a period of four to five years. Although it doubled its revenue from operations to ₹11,247 crore in FY24 from ₹5,704 crore in FY22, the company has posted net losses every year since its inception. For the financial year ending March 2024, the loss amounted to ₹2,350 crore.
