Swiggy IPO Size increased
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New development in Swiggy IPO!
Swiggy is set to raise Rs 5,000 crore ($602 million) through a fresh issue.
The company will hold an EGM on October 3 to finalize the IPO.
Earlier reports indicated that Swiggy was expected to raise Rs 10,400 Cr (Rs 3,750 Cr fresh issue + Rs 6,664 Cr OFS).
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https://www.desidime.com/comments/permalink/10323830
Same story was with zomato, look now
https://www.desidime.com/comments/permalink/10326175
if ipo size increased, imagine the application bid size
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I will not apply for this ipo better to save money as it is loss making and without any chance to going profitable.