Meals and grocery supply firm Swiggy has filed draft papers for an preliminary public providing (IPO) with capital markets regulator Securities and Trade Board of India (Sebi), folks conscious of the matter mentioned.
The Bengaluru-based firm, which secured a nod from its shareholders for a $1.25 billion public itemizing earlier this week, has made the filings by way of Sebi’s confidential route.
The Bengaluru-based firm, which secured a nod from its shareholders for a $1.25 billion public itemizing earlier this week, has made the filings by way of Sebi’s confidential route.
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Underneath the confidential route, the corporate won’t publicly launch a draft purple herring prospectus (DRHP).
Responding to an electronic mail question despatched by ET, a Swiggy spokesperson mentioned, “We don’t touch upon any market hypothesis or rumours.”
ET reported on Thursday that Swiggy’s shareholders have inexperienced lit the general public providing, which is able to embrace $450 million of contemporary challenge and as much as $800 million within the offer-for-sale element.
