Swiggy IPO Allotment Expected on November 11: Step-by-Step Guide to Check Allotment Status Online

Swiggy Ltd. is set to finalize the allotment of its initial public offering (IPO) shares on November 11, 2024. With a strong response from investors, Swiggy’s IPO raised significant interest, particularly among qualified institutional bidders (QIBs) and non-institutional investors (NIIs). Retail investors were also active, resulting in a subscription of 1.14 times in this category.

Investors eagerly awaiting Swiggy’s IPO allotment results can easily check the status through the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), or on Link Intime India’s website, which serves as the IPO’s official registrar. Below is a simple step-by-step guide on how to check your allotment status.

Steps to Check Swiggy IPO Allotment Status on BSE:

1. Open the BSE Website: Visit the BSE IPO allotment status page.
2. Select ‘Equity’ as Issue Type: In the dropdown, choose ‘Equity’ to indicate the share type.
3. Choose ‘Swiggy Ltd’: From the dropdown list, find and select ‘Swiggy Ltd.’
4. Enter Application Details: Input your IPO application number or PAN number for verification.
5. Click ‘Search’: Click the ‘Search’ button to view your IPO allotment status.

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Steps to Check Swiggy IPO Allotment Status on Link Intime India:

1. Visit Link Intime India’s Website: Go to the official website at https://www.linkintime.co.in.
2. Navigate to Investor Services: Click on the 'Investor Services' link in the main menu and select ‘Public Issues’ from the dropdown options.
3. Select ‘Swiggy Ltd’: Choose ‘Swiggy Ltd’ from the list of available IPOs.
4. Enter Required Details: Select one of the following options—PAN, Application Number, DP/Client ID, or Account No/IFSC. Fill in the relevant details.
5. Click ‘Submit’: After entering your information, click the ‘Submit’ button to view your IPO allotment status.

Steps to Check Swiggy IPO Allotment Status on NSE:

1. Visit the NSE Website: Access the official NSE website for IPO allotments.
2. Register or Login: First-time users need to register before accessing the allotment status; otherwise, simply log in.
3. Find ‘Swiggy Ltd’: Select the company name, ‘Swiggy Ltd,’ from the IPO list.
4. Enter Application Details: Input your application number or PAN.
5. Submit and Check: After entering the details, submit to check your allotment status.

After the allotment, successful applicants should expect shares to be credited to their Demat accounts by November 12, 2024. Swiggy’s shares are anticipated to be listed on the NSE and BSE on November 13, giving early investors the opportunity to trade shares on the market.

Key Details of Swiggy IPO:

Swiggy aimed to raise ₹11,327.43 crore through a combination of fresh issues and an offer for sale (OFS). The price band for the IPO ranged between ₹371 and ₹390 per share, with a minimum lot size of 38 shares, requiring a minimum investment of approximately ₹14,739 for retail investors. The IPO’s high demand, especially among institutional investors, highlights Swiggy’s prominent market presence and the growing value of India's quick commerce sector.

Swiggy, founded in 2014, operates in India’s competitive food and grocery delivery space, collaborating with over 200,000 restaurants nationwide. Swiggy faces competition from other major players, such as Zomato Ltd. and Tata Group’s BigBasket, as they expand into the quick commerce segment.

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With robust backing from leading financial institutions such as Nuvama Wealth Management, ICICI Securities, JM Financial, and Kotak Mahindra Capital, Swiggy’s IPO reflects its ambitions to capitalize on India’s vast market potential, aiming for continued growth and innovation in on-demand services.

[Disclaimer: This article provides an independent overview of the Swiggy IPO allotment process based on publicly available information and does not constitute financial advice. Readers are encouraged to verify details with official sources.]